Wood Markets News

Australia Considering the Construction of Two of the World’s Tallest Timber Towers

The world’s tallest timber tower has been pitched for Perth, tipping out tech giant Atlassian’s approved Sydney timber hybrid tower. Grange Development recently filed plans for a $350-million, 50-story timber-hybrid residential tower of 245 apartments. At almost 183 meters, the development would be the tallest timber building in the world.

Weekly Jobless Claims Slightly Lower in the Week Ending May 21, 2022

An additional 210,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, May 21, 2022. This is a decrease of 8,000 from the previous week’s unrevised level. The 4-week moving average was 206,750, an increase of 7,250 from the previous week’s unrevised average.