The production index for sawmills and wood preservation industries rose marginally by 0.2% in Q2, the Fed and NAHB reported.
Wood Markets News
Egger Announces Multi-Stage Investment at Its Markt Bibart, Germany, Facility
The Egger Group recently announced a multi-stage investment to upgrade its 22nd plant located in Markt Bibart, Germany, Woodworking Network reported.
Value of Canadian Building Permits Increases 11.5% in September
The total value of building permits in Canada increased $1.3 billion (CAD), or 11.5%, to $13.0 billion in September.
US Median Asking Rent Rises 0.2% Year-Over-Year in October
The median US asking rent barely moved in October, nudging up 0.2% year-over-year to $1,619, Redfin reported.
NFIB Small Business Optimism Index Trends Higher in October
The NFIB Small Business Optimism Index increased 2.2 points to a reading of 93.7 in October.
US National Interagency Fire Center Wildfire Update as of November 12th
As of Tuesday, wildland fire activity continues in 6 states where 7 large active wildfires have burned 290,071 acres.
BC Port Lockouts Continue With No New Talks Scheduled
Talks held over the weekend between BC maritime employers and their longshore union were over almost before they began, FreightWaves reported.
Montreal Longshoremen’s Union Rejects Final Offer; Lockout Underway
The Montreal Longshoremen’s Union rejected a final offer made for a new labor contract, leading to a lockout being declared, Reuters reported.
Canadian Government Turns to Mass Timber, 3D Printing, and Modular Construction to Speed Affordable Housing
Canada is turning to mass timber, 3D printing, and modular construction to fast-track affordable housing on its Atlantic coast, Wood Central reported.
New Mass Timber Building in Toronto Home to Teachers’ Federation and Commercial Space
The new Ontario Secondary School Teachers’ Federation Headquarters and Multi-Tenant Commercial Building has opened in Toronto, according to Canadian Architect.