VIDA AB, owned 70% by Canfor, announced that it is acquiring a 50 million board foot sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million).
Wood Markets News
FHFA House Price Index Increased Month-Over-Month and Year-Over-Year in July
The Federal Housing Finance Agency US House Price Index rose 0.8% month-over-month in July, seasonally adjusted. Year-over-year, prices rose 4.6%.
S&P CoreLogic Case-Shiller US Home Price Index Rises 0.6% Month-Over-Month in July
The S&P CoreLogic Case-Shiller US National Home Price NSA Index for July reported an annual gain of 1.0%, after posting no change in June.
Scotland’s Fife College Using CLT/Steel Hybrid Construction to Meet Carbon Targets
Located in Scotland, Fife College’s new campus is being built to meet the government’s carbon targets by using a steel/timber hybrid method, according to Project Scotland.
The Conference Board US Consumer Confidence Index Retreats for Second Consecutive Month in September
The Conference Board Consumer Confidence Index® declined to a reading of 103.0 (1985=100) in September, down from a revised August reading of 108.7.
Canadian Railway Cargo Volume Slips for Third Consecutive Month in July
StatCan reported that in July, the volume of cargo carried by Canadian railways totaled 28.9 million tons. Year-over-year, that reflects a 5.1% loss of tonnage.
Freddie Mac Multifamily Apartment Investment Market Index Climbs Higher for Second Consecutive Quarter
The Freddie Mac Multifamily Apartment Investment Market Index® for Q2 rose by 5.1%, marking the second straight quarter of the AIMI increasing nationwide and in all 25 markets.
Idaho Industrial Hemp Processor Sees Opportunities for Its Products in Construction Materials
The Whitefield Fiber Processing industrial hemp plant located in Rexburg, Idaho, officially opened its doors in early July, according to the Idaho Business Review.
State of Western Australia Providing Funds to Help Transform Former Timber Towns
Western Australia is working to help transform former timber towns into thriving places to live and visit through the recently created Community Small Grants Fund.
Six-Story CLT Building in Norway Constructed in Record Time
Global Design News has featured a six-story building in Norway constructed using a composite structure of CLT and concrete, creating a slim and efficient floor system.