VicForests has been responsible for forest management on behalf of the Victoria, Australia, government for the past 20 years, ABC News reported.
Wood Markets News
Mortgage Applications Increase in the Week Ending March 8th
Mortgage loan application volume increased 7.1% on a seasonally adjusted basis from one week earlier, the MBA reported.
Despite 2023Q4 Setback, Freddie Mac Multifamily Apartment Investment Market Index Finishes 2023 Up Nationwide
The Freddie Mac Multifamily Apartment Investment Market Index® decreased in Q4 but increased over the full year.
Australia Launches A$100 Million Forest and Wood Innovations Program
On Monday, the Albanese Government launched its $100 million (AUD) Forest and Wood Innovations (AFWI) program.
State-Level Analysis of Construction Sector Employment for January
32 states saw month-over-month employment gains in January, 17 lost construction sector jobs, and 2 were unchanged, the BLS and NAHB reported.
Consumer Price Index Increases 0.4% in February; All-Item Index Up 3.2% Year-Over-Year
The Consumer Price Index for All Urban Consumers increased 0.4% in February on as seasonally adjusted basis, after rising 0.3% in January.
US Asking Rents Climb 0.9% Month-Over-Month and 2.2% Year-Over Year in February
The median US asking rent increased 2.2% year-over-year to $1,981 in February, the largest gain reported since January 2023, Redfin reported.
NFIB Small Business Optimism Index Continues to Trend Lower in February
The NFIB Small Business Optimism Index declined to a reading of 89.4, marking the 26th consecutive month below the 49-year average of 98.
Hoffmann Family of Companies Aquires Besse Forest Products Group
Hoffmann Family of Companies has acquired Besse Forest Products Group, a leading manufacturer of high-quality Northern hardwood veneer, lumber, and specialty plywood.
Irving Forest Products Acquires Mill Services Inc.’s Value-Added Facility in Cobleskill, NY
Irving Forest Products announced that it has acquired Mill Services, Inc’s value-added operation in Cobleskill, New York.