West Fraser will sell its Quesnel River Pulp mill in Quesnel, British Columbia, and its Slave Lake Pulp mill in Slave Lake, Alberta, to Atlas.
Wood Markets News
Market Share of Single-Family Homes Built Offsite Lags Industry Expectations
The total share of non-site built single-family homes (modular and panelized) was 2% of all single-family homes in 2022, according to the Census Bureau and NAHB.
State-Level Analysis of Construction Sector Employment for August
31 states reported month-over-month employment gains in August, while 14 states lost construction sector jobs. Montana, Oklahoma, and Utah each reported no change.
Canada’s Unemployment Rate Increases to 5.5% in July—The Third Consecutive Monthly Increase
The number of Canadians receiving regular Employment Insurance (EI) benefits increased by 25,000, or 6.0%, to 438,000 in July.
US National Interagency Fire Center Wildfire Update for the Week Ending September 22nd
As of Friday, September 22nd, 53 large wildfires have burned 440,958 acres in 11 states. Three new large new wildfires were reported on Thursday.
Weyerhaeuser Announces Approval of Its First Forest Carbon Project
Weyerhaeuser has received approval from the American Carbon Registry for its Improved Forest Management (IFM) carbon credit project in Maine.
Existing US Home Sales Decline in August
Total existing home sales declined 0.7% month-over-month in August to a seasonally adjusted rate of 4.04 million homes, the National Association of Realtors reported.
Fixed-Rate Mortgages Creep Higher in the Week Ending September 21st
The 30-year fixed-rate mortgage averaged 7.19%, up from last week when it averaged 7.18%, according to Freddie Mac.
The Conference Board US Leading Economic Index® Declines Further in August
The Conference Board Leading Economic Index® declined 0.4% in August to a reading of 105.4 (2016=100), after posting a 0.3% decline in July.
US Weekly Jobless Claims Decrease for the Week Ending September 16th
The advance figure for seasonally adjusted initial unemployment claims was 201,000 during the week ending Saturday, September 16th. This is a decrease of 20,000.