“Port Plus,” located outside central Tokyo, Japan, is the subject of a recent profile by BNN Bloomberg.
Wood Markets News
Construction Sector Job Growth Continues in October
Construction sector employment increased by 23,000 in October, following a gain of 13,000 in September, according to the NAHB and Census Bureau.
Canadian Lumber Production and Shipments Increase Month-Over-Month in August
Lumber production throughout Canada increased 15.0% month-over-month in August to 4,067.9 thousand cubic meters.
Record Number of Home Sellers Reduced Their Selling Price in October to Attract Buyers
Nearly 7% of homes for sale posted a price drop during the four-week period ending on October 29th, Redfin reported.
US Army Corps of Engineers Requires Consideration of Mass Timber as a Structural Option for All Vertical Construction Projects
A new US Army Corps of Engineers policy requires the consideration of mass timber as structural option for all vertical construction projects, according to the Engineering News-Record.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in September
In September, Brazilian exports of wood-based products (except pulp and paper) declined 24.0% year-over-year in value, according to the ITTO.
US Nonfarm Payroll Increases by 150,000 in October; Unemployment Inches Higher to 3.9%
Total nonfarm payroll employment increased by 150,000 in October. The unemployment rate increased 0.1% to a reading of 3.9%.
Canadian Employment and Unemployment Both Increase Modestly in October
In October, employment increased by 18,000 jobs, or 0.1%. This follows an increase of 64,000 jobs, or 0.3%, in September.
US Census Bureau Releases Q3 Residential Vacancies and Homeownership Report
The national vacancy rate in Q3 was 6.6% for rental housing and 0.8% for homeowner housing.
Sales of New Homes Make Up Almost a Third of All Home Sales in the US
30.6% of single-family homes for sale in Q3 were new construction, the highest share of any Q3 on record, Redfin reported.