The Conference Board Consumer Confidence Index® declined to a reading of 104.7 (1985=100) in March, down from 104.8 in February.
Wood Markets News
New US Residential Single-Family Home Sales Down Slightly Month-Over-Month but Up Year-Over-Year in February
New residential single-family home sales for February were at a seasonally adjusted annual rate (SAAR) of 662,000, 0.3% below the revised January rate.
Roseburg Forest Products Selects IMA Schelling for New MDF Plant Technology in Dillard, OR
Roseburg Forest Products has selected IMA Schelling to deliver their new state-of-the-art MDF plant in Dillard, Oregon, IMA Schelling recently announced.
Existing US Homes For Sale Increased 5% and New Listings Rose 15% During the Four-Week Period Ending March 17th
Redfin reported that during the four-week period ending March 17th, the total number of US homes for sale climbed 5%, the largest year-over-year increase since May 2023.
Vancouver Offering Rezoning Incentive to Promote Mass Timber Construction
Vancouver is increasing its commitment to sustainable construction with a new set of incentives aimed at promoting mass timber, Construction Canada reported.
Metsä Group to Construct Demo Plant for Lignin Refining in Connection With Its Äänekoski, Finland, Bioproduct Mill
Metsä Group will construct a demo plant for lignin refining in connection with its Äänekoski, Finland, bioproduct mill. The plant’s daily capacity will be two tons of the lignin product.
State-Level Analysis of Construction Sector Employment for February
31 states reported month-over-month employment gains in February, the BLS and National Association of Home Builders reported.
Stiles Machinery Announces Mass Timber Project With Rosboro for New GLT Plant in Oregon
Stiles Machinery announced that Rosboro has selected HOMAG Group members to deliver mass timber solutions for their new GLT factory in Springfield, Oregon.
Northeast BC to Become Home to World-Scale Industrial Distribution Hub
Buffalo Rail & Infrastructure Corp has acquired Canfor Pulp Products’ recently discontinued pulp mill assets in Taylor, BC.
Latvia’s Stiga RM Plans to Expand Birch Plywood Production at Its Kuldīga Mill
Stiga RM plans to significantly expand its birch plywood mill in Kuldīga this year with an investment of more than 10.5 million euros, LSM reported.