Total construction spending during November was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.4% above the revised October estimate of $2,042.5 billion.
Wood Markets News
China Extends Tariff Exclusions on Seven US Hardwood Lumber Products
China is extending the Section 301 retaliatory tariff exclusions on seven hardwood products through July 31st.
As of January 1st, Native Logging in Western Australia Has Ended
As of January 1st, the Western Australia Government’s promise to end logging in native forests became a reality, PS News reported.
Stora Enso Agrees to Sell Land and Machinery at Its Recently Closed Näpi, Estonia, Sawmill to Puidukoda
Stora Enso announced that it has signed an agreement to sell its recently closed (June 2023) Näpi, Estonia, sawmill to Puidukoda, a local planed timber producer.
Modvion Completes World’s Tallest Wood Wind Turbine in Sweden
Swedish start-up Modvion has successfully completed the world’s tallest wood wind turbine, reaching an impressive height of 150 meters (492 feet), the BBC reported.
Blueprint Robotics Opens New European Office in Herefordshire, UK
Blueprint Robotics is opening a new office for its new European team of four design engineers in Herefordshire, UK, according to Your Herefordshire.
Weyerhaeuser Completes Initial Sales of Carbon Credit Offerings
Weyerhaeuser Corporation announced on Wednesday (12-27-23) an agreement for the sale of nearly 32,000 forest carbon credits at $29 per […]
US Pending Homes Sales Unchanged Month-Over-Month but Down Year-Over-Year in November
On Thursday (12-28-23), The National Association of Realtors® (NAR) reported their Pending Homes Sales Index (PHSI), which are based on […]
Fixed-Rate Mortgages Inch Lower
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 28, 2023. The PMMS reports […]
US Weekly Jobless Claims Increase in the Week Ending December 23rd
The U.S. Department of Labor reported on Thursday (12-28-23), its advance figure for seasonally adjusted initial unemployment claims made during […]