Canada’s CPI rose 3.0% year-over-year in August, unchanged from July’s 3.0% increase, as slower gasoline inflation offset higher travel tour and rent prices.
Wood Markets News
US Residential Construction Input Prices Climb in August
Residential building material prices (excluding energy) increased 0.2% in August and were up 5.1% year-over-year, the BLS and NAHB reported.
Montrose Forest Products Sawmill in Montrose, CO, Issues WARN Notices as Owner Pursues Buyer
Neiman Enterprises issued WARN notices to around 90 Montrose Forest Products employees as it seeks a buyer to keep the Colorado sawmill operating, the Montrose Business Times reported.
US Mortgage Credit Availability Index Falls in August
The MBA Mortgage Credit Availability Index fell 1.0% to 107.3 in August.
US National Interagency Fire Center Wildfire Update for September 14
As of Monday, 57 large fires were burning across the US. Year-to-date, 54,407 wildfires have burned 8,435,367 acres.
Tallest US Mass Timber Student Housing Project Tops Out in Columbus, OH
INTRO Columbus, a 13-story mass timber student housing project near The Ohio State University, topped out about 10 weeks ahead of its original construction schedule.
Twain Lumber to Reopen Former Teal Jones Sawmill in Virginia
Twain Lumber’s $7.4 million investment will reopen and upgrade the former Teal Jones sawmill, increasing annual capacity from 80 million to 108 million board feet, DWBJ7 reported.
BC Commits CA$2 Million to Ron Anderson & Sons Expansion
BC has committed up to CA$2 million to help Ron Anderson & Sons expand production of prefabricated wood walls, floors, roof panels, and stairs.
US Consumer Price Index Rises 3.4% Year-Over-Year in August
The Consumer Price Index for All Urban Consumers rose 0.4% in August on a seasonally adjusted basis and was 3.4% higher year-over-year.
Moelven to Discontinue Sawmill Operations in Årjäng, Sweden
Moelven Årjäng Såg will discontinue sawmill operations in Årjäng amid weak profitability, high raw material costs, and challenging market conditions.