A US District Court approved the sale of two sawmills formerly owned by Allegheny Wood Products (AWP) to AHF Products, a Pennsylvania flooring company, West Virginia Public Broadcasted reported.
Wood Markets News
Stora Enso Restarts Varkaus and Oulu Pulp and Paper Mills After Finnish Logistics Sector Strike is Suspended
Stora Enso confirmed to EUWID Pulp and Paper that it had restarted its Varkaus mill earlier this week. The mill was idled due to the strikes in the Finnish logistics sector.
30-Year Fixed-Rate Mortgages Inch Higher in the Week Ending April 4th
The 30-year fixed-rate mortgage averaged 6.82%, up from last week when it averaged 6.79%, Freddie Mac reported.
US Weekly Jobless Claims Increase in the Week Ending March 30th
The advance figure for seasonally adjusted initial unemployment claims was 221,000, an increase of 9,000.
University of Michigan Starts Construction on New Mass Timber College of Pharmacy Building
The University of Michigan has commenced construction on its new mass timber College of Pharmacy building, The University Record reported.
Private Sector Job Cuts Continue to Climb Higher in March
US-based employers announced 90,309 job cuts in March, up 7% from the 84,638 cuts announced in February, Challenger, Gray & Christmas, Inc. reported.
Canadian Lumber Production and Shipments Up Month-Over-Month and Year-Over-Year in January
Canadian lumber production increased 16.4% month-over-month to 3,996.3 thousand cubic meters in January.
West Fraser and Mercer Announce Agreement to Dissolve Cariboo Pulp and Paper Joint Venture
West Fraser and Mercer jointly announced an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper.
West Fraser Updating Its Williams Lake, BC, Plywood Mill With New Dryer
West Fraser’s new wood veneer dryer has arrived at its Williams Lake, BC, facility, Coast Mountain News reported.
Mortgage Applications Retreat for Fourth Consecutive Week in the Week Ending March 29th
Mortgage loan application volume declined 0.6% on a seasonally adjusted basis from one week earlier, the MBA reported.