Hyne Group is seeking a new owner for its Australia and New Zealand-based XLAM CLT manufacturing and engineering business.
Wood Markets News
US Existing-Home Listings Reach Four-Year High
New US home listings rose 2.1% from a week earlier during the four weeks ending August 30, reaching their highest level in four years, Redfin reported.
Canadian Employment Falls by 42,000 in August; Unemployment at 6.4%
Canadian employment fell by 42,000 in August, while the unemployment rate held steady at 6.4%, following three consecutive monthly declines.
Campbell Global Rebrands as J.P. Morgan Natural Capital
J.P. Morgan Asset Management has rebranded Campbell Global as J.P. Morgan Natural Capital, expanding its focus on forestland and nature-based assets.
US House Prices Rise 2.1% Year-Over-Year in Q2
US house prices rose 0.3% in Q2 and 2.1% year-over-year, the FHFA and NAHB reported.
US Mortgage Rates Climb in the Week Ending September 3
The 30-year fixed-rate mortgage averaged 6.71%, up from 6.65% the previous week, Freddie Mac reported.
US Job Cuts Rise in August
US employers announced 52,881 job cuts in August, up 58% from July but down 38% from a year ago, CG&C reported.
Clemson University Opens New Forestry and Environmental Conservation Building
Clemson University’s new 82,436-square-foot forestry building showcases sustainable wood construction using glulam beams and CLT.
US Weekly Initial Jobless Claims Trend Higher in the Week Ending August 29
The advance figure for seasonally adjusted initial unemployment claims was 206,000, an increase of 2,000 from the previous week.
US Construction Job Openings Increase in July
US construction job openings rose to 326,000 in July, up from 298,000 in June and 305,000 a year earlier.