US nonresidential construction spending rose 0.1% in June, while data center construction increased 7%, ABC reported.
Wood Markets News
Binderholz to Acquire Kuhmo and Juntinsalo
Austria’s binderholz has agreed to acquire Finnish sawmill operator Kuhmo and its real estate company, Juntinsalo, subject to regulatory approval.
US Job Openings and Labor Turnover Summary for June
US job openings changed little at 7.4 million in June, while hires were unchanged at 5.3 million and total separations changed little at 5.4 million.
Red Stag Opens Southern Hemisphere’s First Offsite Production Line Using CLT
Red Stag has opened the Southern Hemisphere’s first offsite production line to use CLT, with capacity to build up to 800 modules annually, Wood Central reported.
Brooklyn Public Library Builds Mass Timber Branch in Canarsie
Brooklyn Public Library’s new Canarsie branch will be one of New York’s first public mass timber buildings, doubling public space to 11,000 square feet, ConstructConnect reported.
US Construction Spending Slips in June
US construction spending declined 0.1% month-over-month and 3.2% year-over-year in June to a seasonally adjusted annual rate of $2.167 trillion.
Housing’s Share of US Real GDP Trends Lower in Q2
Housing accounted for 15.8% of US real GDP in Q2, down from 15.9% in Q1 and the lowest share since 2019, according to the BEA and NAHB.
Goods-Producing Industries Lead Canadian GDP Growth in May
Canadian real GDP by industry rose 0.3% in May, led by a 0.6% gain in goods-producing industries, as 13 of 20 sectors expanded.
Brazilian Exports of Wood-Based Products Decline in June
Brazilian exports of wood-based products (excluding pulp and paper) totaled $278.8 million in June, down 9.0% from a year earlier, the ITTO reported.
US National Interagency Fire Center Wildfire Update for August 2
As of Sunday, 102 large fires were burning across the US, covering 3.20 million acres. Year-to-date, wildfires have burned 5.15 million acres.