Yardi Matrix forecasts a slight increase in US multifamily rental housing completions for 2025–27 compared to the previous quarter’s outlook.
Wood Markets News
US Residential Vacancies and Homeownership Statistics for Q1
The national rental vacancy rate was 7.1%, while the homeowner vacancy rate was 1.1%, the US Census Bureau reported.
Poland’s State Forests Set to Reduce Timber Supply in Second Half of 2025
Polish Economic Chamber of Wood Industry released its analysis of anticipated timber sales conducted by Poland’s state forests for the first and second halves of 2025.
Canadian Payroll Employment Slips in February
Payroll employment decreased 0.3% (49,000) in February, following a 0.1% increase (14,400) in January. Year-over-year, payroll employment was up 0.7% (124,300).
US National Interagency Fire Center Wildfire Update as of April 25
26 large new fires were reported. There are a total of 64,619 acres burning, with 24 of the 26 wildfires partially contained.
Alberta’s Zavisha Sawmills Experiences Devastating Fire
A devastating fire on Saturday, April 19, destroyed the Zavisha Sawmills facility in Hines Creek, Alberta.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for April
The Index of Consumer Sentiment declined to a reading of 52.2 in April, a month-over-month decline of 8.4% and a 32.4% decrease year-over-year.
Total Commercial Real Estate Borrowing and Lending Increases 16% in 2024
Total commercial real estate mortgage borrowing and lending reached $498 billion in 2024, a 16% increase from 2023, MBA reported.
BC Announces 64 New Projects to Reduce Wildfire Risk and Support Forestry
The projects are aimed at reducing wildfire risk, enhancing forest health, and getting more fiber into the hands of mills and energy producers.
UPM Plywood to Start Change Negotiations in Finland
UPM Plywood plans to improve the efficiency and profitability of its operations and will start change negotiations in Finland.