The NFIB Small Business Optimism Index fell 3.0 points to 95.8 in March, below its 52-year average, while the Uncertainty Index rose to 92.
Wood Markets News
Amazon Opens Mass Timber Delivery Station in Indiana
Amazon is offering an inside look at its mass timber delivery station in Elkhart, Indiana, showcasing technologies designed to reduce resource use and emissions.
US Existing-Home Sales Fall 3.6% in March
Existing-home sales fell 3.6% in March and were down 1.0% year-over-year, while inventory rose to a 4.1-month supply and prices extended annual gains, NAR reported.
Mirax Group Acquires Former Errington Cedar Sawmill in BC
Mirax Group has acquired the former Errington Cedar Sawmill in BC and plans to restart operations, expanding its coastal manufacturing capacity.
Pending US Existing-Home Sales Record Sharpest Drop in Three Months
US pending home sales fell 2.4% year-over-year in early April, the largest drop in three months, as higher mortgage rates and prices slowed buyer activity, Redfin reported.
State-Level Construction Employment Data for January
Construction employment rose across 40 states in January, with the industry adding 45,000 jobs nationwide, the BLS and NAHB reported.
US National Interagency Fire Center Wildfire Update for April 10
In the week ending April 10, 98 new fires were reported, including four new large fires. Year-to-date, 1,707,778 acres have burned.
US Dept. of Commerce Releases Preliminary Antidumping Determination in Seventh Administrative Review of Canadian Softwood Lumber Products
Preliminary determinations do not have any impact on current duties or cash deposit rates.
Washington State Declares Drought Emergency for Fourth Straight Year
Washington declared a statewide drought emergency as snowpack fell sharply, enabling $3 million in aid and signaling potential summer water shortages, OPB reported
BrasPine Expands in Uruguay With New Sawmill
BrasPine is expanding in Uruguay with its Oceano sawmill project, targeting 35,000 cubic meters of monthly production capacity.