Elk Creek Forest Products has been named the exclusive sales agent for Buse Mill Company, which is reopening under its new name following its transition from Buse Timber & Sales in 2024.
Wood Markets News
Stein Lumber Acquires Teal-Jones Remanufacturing Plant in Salmon Arm, BC
Stein Lumber announced that is has acquired the Teal-Jones lumber remanufacturing plant in Salmon Arm, British Columbia.
Rayonier to Sell Its New Zealand Joint Venture Interest to The Rohatyn Group for $710 Million
Rayonier will sell the entities that hold its entire 77% interest in the New Zealand joint venture to an investment fund managed by The Rohatyn Group for $710 million.
US Residential Construction Job Openings Rise in January
The number of open residential construction sector jobs increased from a revised 205,000 in December to 236,000 in January, the BLS and NAHB reported.
MBA Mortgage Credit Availability Index Increases for the Third Consecutive Month in February
The MBA Mortgage Credit Availability Index increased 1.4% to a reading of 100.4 in February.
US Job Openings and Labor Turnover Summary for January
The number and rate of job openings were little changed at 7.7 million and 4.6%, respectively.
NFIB Small Business Optimism Index Retreats Further in February
The NFIB Small Business Optimism Index declined 2.1 points to a reading of 100.7 in February. The Uncertainty Index rose four points to 104, the second highest recorded reading.
Fannie Mae Home Purchase Sentiment Index Slips in February
The Fannie Mae Home Purchase Sentiment Index declined 1.8 points to a reading of 71.6 in February, the first year-over-year decline since 2023.
Investor Purchases of US Homes in Q4 Fall to Lowest Level Since 2016
Real estate investors purchased 47,004 homes in Q4, the lowest level for that time of year since 2016, Redfin reported.
EU Announces Antidumping Investigation Into Brazilian Softwood Plywood Imports
The EU Commission has started an anti-dumping investigation on Brazilian softwood plywood imports following a complaint by the Softwood Plywood Consortium, the Timber Trades Journal reported.