Canadian lumber production increased 16.4% month-over-month to 3,996.3 thousand cubic meters in January.
Wood Markets News
West Fraser and Mercer Announce Agreement to Dissolve Cariboo Pulp and Paper Joint Venture
West Fraser and Mercer jointly announced an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper.
West Fraser Updating Its Williams Lake, BC, Plywood Mill With New Dryer
West Fraser’s new wood veneer dryer has arrived at its Williams Lake, BC, facility, Coast Mountain News reported.
Mortgage Applications Retreat for Fourth Consecutive Week in the Week Ending March 29th
Mortgage loan application volume declined 0.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
BC Indigenous Housing Society’s Housing Project Walls Being Built With Intelligent City Robotics
Intelligent City is producing passive house panels for the BC Indigenous Housing Society’s new nine-story mass timber multi-family housing project, the Journal of Commerce by ConstructConnect reported.
ADP® Reports Private Sector Employment and Compensation Gains in March
Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1% year-over-year, ADP reported.
West Fraser Permanently Closes Its Sawmill in Perry, FL
On Monday, West Fraser confirmed that it was permanently ceasing production at its Perry, Florida, sawmill, ABC27/WTXL reported.
Nonresidential Construction Spending Declines in February
US nonresidential construction spending declined for the second consecutive month in February, falling 0.1%, the Associated Builders and Contractors reported.
Alberta Wildfire Season Off to a Quick and Unwelcome Start
Alberta’s forestry minister declared an early start to the wildfire season, The Weather Network reports.
Construction Sector Employment Trends Higher in February
The construction labor market experienced a modest increase in job openings in February, the BLS and NAHB reported.