Mercer Mass Timber announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.
Wood Markets News
Timberlink Opens NeXTimber Manufacturing Facility in Tarpeena, South Australia
Timberlink has opened its NeXTimber® by Timberlink® manufacturing facility and upgraded its green mill in Tarpeena, South Australia.
Brazilian Exports of Wood-Based Products Increase Year-Over-Year in January
The value of Brazilian exports of wood-based products (except pulp and paper) increased 13.0% year-over-year in January, the ITTO reported.
US Construction Spending Declines Month-Over-Month in January, But Remains Up Year-Over-Year
Total construction spending during January was estimated at a SAAR of $2,102.4, 0.2% below the revised December estimate of $2,105.8 billion.
Metsä Group Parent Company Announces Divestiture of Its Estonia Wood Supply Business
Metsä Group’s parent company Metsäliitto Cooperative will sell its wood supply business in Estonia to Combiwood Forest OÜ, an Estonian company owned by Combiwood Grupp OÜ.
Fannie Mae Releases Home Price Expectations Survey for Q1: Price Growth Anticipated
Experts expect annual national home price growth to be 3.8% in 2024, the Fannie Mae Home Price Expectations Survey showed.
Mortgage Application Payments Trek Higher in January
The Mortgage Bankers Association Purchase Applications Payment Index showed that homebuyer affordability declined in January.
US Existing-Home Listings Increase in February, but Higher Mortgage Rates Stifle Sales
In the four-week period ending February 25th, new listings of US homes for sale increased 13% year-over-year, Redfin reported.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for February
The Index of Consumer Sentiment increased to a reading of 76.9 in February, down from 79.0 in January. This is a month-over-month decline of 2.7% but up 14.9% year-over-year (66.9 in February 2023).
Canadian Real GDP, Income, and Expenditures for 2023Q4
Read GDP inched 0.2% higher in 2023Q4, following a 0.1% decline in Q3.