The Canadian Consumer Price Index (CPI) increased 3.4% year-over-year in December, following a 3.1% gain in November.
Wood Markets News
Vancouver, BC’s Mount Pleasant Neighborhood Could Be Site of City’s Tallest Hybrid-Timber Tower
An application from Henriquez Partners Architects on behalf of Westbank Projects Corp. goes to a public hearing on January 23rd for a 25-story rental high-rise, BIV reported.
December Snowstorm Racks Up Significant Financial Losses for Maine’s Forestry Industry
A survey by the Professional Logging Contractors of the Northeast shows a large winter storm in Maine on December 18th has caused disruptions and large financial losses, Mainebiz reported.
89% of US Homeowners With a Mortgage Have a Rate Below 6%
Redfin reported that 88.5% of US homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022.
Canadian Existing-Home Sales Trend Higher in December
Home sales recorded over Canadian MLS® Systems increased 8.7% from November to December 2023, CREA reported.
Canadian Lumber Production Rises 7.1% Month-Over-Month in October
In October, lumber production in Canada increased 7.1% from September to 4,441.2 thousand cubic meters. Year-over-year, production was up 6.1%.
US Residential Building Materials Costs Inch Higher in December
The Producer Price Index for goods input to residential construction (including energy) increased 0.1% in December after increasing a revised 0.1% in November, the BLS and NAHB reported.
BC Provides New Funding to Support First Nations Build Forest Resilience
BC announced two new grants for the First Nations Emergency Services Society (FNESS) to help support emergency management and land stewardship.
Producer Price Index for Final Demand Declines 0.1% Month-Over-Month in December
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.1% in December, following a 0.1% decline in November.
Mass Timber Office Building Under Construction in Vancouver Earns Salmon-Safe BC Certification
A mass timber office building designed by Dialog in Vancouver, BC, has been awarded the Salmon-Safe BC certification, Remi Network’s Design Quarterly reported.