The process converts low-grade timber and low-value lumber into a wood product that can be used as a substitute for lumber and timber in various applications, Canadian Forest Industries reported.
Wood Markets News
Mortgage Applications Trend Lower as Interest Rates Climb in the Week Ending April 19th
Mortgage loan application volume decreased 2.7% on a seasonally adjusted basis from one week earlier, MBA reported.
BC Working With Communities to Prepare for Wildfire Season
The FireSmart Wildfire Resiliency and Training Summit will bring together hundreds of local and municipal firefighters to collaborate and train with the BC Wildfire Service.
First US Mass Timber Architecture School Under Construction at The University of Nebraska
The University of Nebraska’s Lincoln College of Architecture will soon be home to a mass timber addition, according to a feature by ThinkWood.
US New Residential Single-Family Home Sales Increase 8.8% Month-Over-Month in March
New residential single-family home sales for March were at a SAAR of 693,000, 8.8% above the revised February rate of 637,000.
US Single-Family Home Prices Increase Month-Over-Month and Year-Over-Year in March
US home prices climbed 0.6% month-over-month, repeating February’s gain, the Redfin Home Price Index showed.
Fannie Mae Economic and Strategic Research Group Anticipates Interest Rates to Remain High in 2024
According to the ESR Group, stronger than expected economic and inflation data have pushed rates higher and financial markets to price in fewer cuts this year.
HS Timber Group Commissions New Sawmill in Argentina
Acon Timber, a joint venture between HS Timber Group and Forestcape Group, has commissioned a new sawmill in Argentina.
BIG, BNIM, and the University of Kansas Reveal New Mass Timber Building
BIG, BNIM, and University of Kansas have revealed a new mass timber building called the “Makers’ KUbe,” according to a feature by ParametricArchitecture.
Commercial and Multifamily Borrowing Decline Sharply in 2023; Off to a Slow Start in 2024
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decline from 2022, MBA reported.