State lawmakers recently passed a bill establishing a low-interest loan program for companies seeking to reopen shuttered mills, NBC Montana reported.
Wood Markets News
Value of Canadian Building Permits Declines 4.1% in March
The value of building permits issued in Canada decreased by 4.1% to CA$12.9 billion in March. Residential construction intentions rose 2.0% to $8.7 billion.
New York City’s Largest Mass Timber Residential Project Slated for Staten Island
Artimus and Phoenix Realty Group have been selected to build over 500 new mixed-income housing units on the north shore of Staten Island using mass timber.
US Mortgage Applications Trend Higher in the Week Ending May 9
Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
Michigan Department of Natural Resources Opens New Mass Timber Center
The 10,000-square-foot facility is constructed from mass timber using locally sourced Michigan red pine, UPword Michigan reported.
US Consumer Price Index Rises 2.3% Year-Over-Year in April
Over the 12 months ending in April, the all-items index rose 2.3%, down from a 2.4% increase over the prior 12-month period.
Kitselas First Nation Expands Its Role in the Forestry Sector
Kitselas First Nation is expanding its role in the forestry sector with the purchase of a new forest tenure from A&A Trading Ltd, CFNR Network reported.
Sweden’s Holmen Reduces Production at Its Bråviken Sawmill
Holmen is giving notice to about a third of its employees at its sawmill outside Norrköping, Sweden, Skogsindustrin reported.
US Mortgage Delinquencies Trend Higher in Q1
The delinquency rate in Q1 was up 6 basis points from 2024Q4 and was up 10 basis points year-over-year, MBA reported.
NFIB Small Business Optimism Index Retreats in April
The NFIB Small Business Optimism Index declined 1.6 points to a reading of 95.8 in April.