The Institution of Structural Engineers awarded the 2023 Supreme Award for Structural Engineering Excellence to StructureCraft for its work on the Nancy Pauw Bridge in Alberta, Construction Canada reported.
Wood Markets News
Mortgage Rates Move Lower for Third Consecutive Week
The 30-year fixed-rate mortgage averaged 7.44%, down from last week when it averaged 7.50%, Freddie Mac reported.
US Weekly Jobless Claims Trek Higher in the Week Ending November 11th
The advance figure for seasonally adjusted initial unemployment claims was 231,000 during the week ending November 11th, an increase of 13,000 from the previous week.
US Building Materials Costs in Residential Construction Inch Lower in October
The prices of good used in residential construction, less energy, fell 0.1% in October, not seasonally adjusted, according to the BLS and NAHB.
Oregon’s Landmark Western State Forest Habitat Conservation Plan Stalls as Stakeholders Seek Greater Input
Attempts to wrap up Oregon’s Western State Forest Habitat Conservation Plan by officials are being met by stakeholders who are issuing new demands that could delay the plan into 2025, according to the Oregon Capital Chronicle.
Canadian Home Sales Fall Month-Over-Month in October, but Remain Slightly Higher Year-Over-Year
Home sales recorded over Canadian MLS® Systems declined 5.6% between September and October, the Canadian Real Estate Association reported.
Mortgage Applications Climb in the Week Ending November 10th, Marking Second Consecutive Increase
Mortgage loan application volume increased 2.8% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
Producer Price Index for Final Demand Declines Month-Over-Month but Rises Year-Over-Year in October
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.5% in October, following an increase of 0.4% in September.
Canfor Announces Extended Curtailment Plan for Its Polar Sawmill in Bear Lake, BC
Citing a shortage of economically available fiber in the region, Canfor Corporation announced it will curtail operations at its Polar Sawmill in Bear Lake, BC, following an orderly wind down of operations.
China Considering $137 Billion in Funding to Boost Urban Village Renovations and Affordable Housing
China plans to provide at least US$137.22 billion (1 trillion yuan) of low-cost financing to urban village renovation and affordable housing programs, Reuters reported, citing Bloomberg.