The Fannie Mae HPSI increased 1.8 points in September to a reading of 73.9, its highest level in more than two years.
Wood Markets News
Manufactured Home Shipments Slipped 21% in 2023
89,169 manufactured homes were shipped last year, a 21% decrease from the 112,882 homes shipped in 2022, the Census Bureau and NAHB reported.
Drax Launches Virtual Tour of Its Gloster, MS, Pellet Plant
The virtual tour offers a comprehensive look at the entire pellet production process, from raw fiber to the final product.
US National Interagency Fire Center Wildfire Update as of October 7th
As of October 7th, 27 large active wildfires are being managed with full suppression strategies nationwide. Current fires have burned 1,212,359 acres.
Besse Forest Products Group Closes Six Sawmills and Veneer Mills in Michigan and Wisconsin
Besse Forest Products Group has closed six of its green lumber sawmills and veneer mills in Wisconsin and Michigan. The facilities are now up for sale.
Canadian Lumber Production and Shipments Fall in July
Lumber production decreased 7.7% to 3,681.5 thousand cubic meters in July. Year-over-year, production was up 2.8%.
US Construction Employment Continued to Grow in September
Nonresidential construction employment led the way, adding 17,900 jobs, while residential construction gained 7,800 jobs, BLS and NAHB reported.
US Nonfarm Payroll Increases by 254,000 in September; Unemployment Ticks Down to 4.1%
Nonfarm payroll employment increased by 254,000 in September, above the average monthly gain of 203,000 over the prior 12 months.
New York City Mass Timber Studio Helps Accelerate Seven NYC Timber Projects
A nine-month technical assistance accelerator for seven timber projects wrapped up last week with a number of participants praising its approach, Daily Commercial News reported.
US Port Workers and Operators Reach Tentative Agreement; Operations to Resume Immediately
US dock workers and port operators announced that they had reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the East and Gulf coasts, Reuters reported.