After more than 100 simulated earthquakes, the 10-story “Tallwood Project” building has demonstrated the impressive seismic resilience of mass timber buildings, temblor reported.
Wood Markets News
Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in January
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.3% in January, the BLS reported.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for February
The University of Michigan Index of Consumer Sentiment increased 0.8% month-over-month to a reading of 79.6 in February.
Interfor Announces Indefinite Curtailment at Its Philomath, OR, Sawmill and Reduced Production at BC Operations
Interfor will indefinitely curtail its sawmill operations in Philomath, Oregon, and temporarily reduce production at its British Columbia operations in Q1.
Extreme Drought in Mississippi Claims 12.5 Million Trees, Survey by Mississippi Forest Commission Finds
The Mississippi Forestry Commission estimates drought conditions in Mississippi have killed 12.5 million trees, The Daily Leader reported.
Canadian Housing Starts Trend Lower in January
The seasonally adjusted annual rate for housing starts in Canada decreased 10% month-over-month to 223,589 units in January, the CMHC reported.
US Builder Confidence Trends Higher for Third Consecutive Month in February
The National Association of Home Builders/Wells Fargo Housing Market Index increased 4 points to a reading of 48 in February.
Canadian Investment in Building Construction Data for December, 2023Q4, and 2023
Investment in building construction in Canada inched 0.3% higher month-over-month in December to $19.8 billion (CAD).
Fixed-Rate Mortgages Move Higher in the Week Ending February 15th
The 30-year fixed-rate mortgage averaged 6.77%, up from last week when it averaged 6.64%, Freddie Mac reports.
US Weekly Jobless Claims Decline in the Week Ending February 10th
The advance figure for seasonally adjusted initial unemployment claims was 212,000, a decrease of 8,000 from the previous week.