Henning Larsen, a Copenhagen-based architecture studio, and fashion company Bestseller have designed a pioneering mass timber headquarters in the Netherlands, according to designbloom.
Wood Markets News
Real GDP Increases at an Annual Rate of 4.9% in Q3, BEA Reports in Its “Advance” Estimate
US real GDP increased at an annual rate of 4.9% in Q3, up from increase of 2.1% in Q2, according to the “advance” estimate by the Bureau of Economic Analysis.
US Weekly Jobless Claims Climb Higher in the Week Ending October 21st
The advance figure for seasonally adjusted initial claims was 210,000 during the week ending Saturday, October 21st, an increase of 10,000 from the previous week.
New US Residential Single-Family Home Sales Climb 12.3% Month-Over-Month in September
New residential single-family home sales for September were at a SAAR of 759,000, according to estimates. This is 12.3% above the revised August rate of 676,000.
BC Government Announces New Funding for Value-Added Wood Producers and Manufacturers in the Kootenays
As much as $400,000 will support a capital improvement project by Creston’s J.H. Huscroft Ltd., a value-added specialty manufacture of glulam, trim, boarding, and flooring.
Canadian Government Funding Helps Ontario Move Closer to Meeting Its Tree Planting Pledge
The joint investment of more than $1.6 million (CAD) will support two projects that will see more than 122,345 trees planted across the Halton, Ontario, region.
White House Names Oregon as Tech Hub for Mass Timber, Opening the Door to Millions in Funding
Oregon is in the running to receive tens of millions of dollars from the federal government for semiconductors and mass timber, according to Captial Press.
Could Building Cities Using More Wood-Based Products Help Prevent Wildfires?
Bloomberg discusses forest health and mass timber in a segment on the global rise of mass timber as a low carbon building material.
Mortgage Applications Continue to Decline in the Week Ending October 23rd
Mortgage loan application volume decreased 1.0% on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association reported.
Four First Nations of the Nanwakolas Council and Western Forest Products Announce New BC Forestry Agreement
Four First Nations and Western agreed for the Nations to acquire a 34% interest from Western in a newly formed limited partnership for $35.9 million (CAD).