BC and the ‘Na̲mg̲is First Nation signed a joint decision-making agreement covering forestry planning and operations on Northern Vancouver Island.
Wood Markets News
ABC Construction Backlog Indicator Drops in November
ABC’s Construction Backlog Indicator fell to 8.1 months in November, with confidence mixed as sales optimism offset weaker profit margin and staffing expectations.
US Mortgage Applications Decline in the Week Ending December 12
Mortgage loan application volume decreased 3.8% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Job Vacancies Continue to Decline in Q3
Canadian job vacancies fell 2.8% in Q3 to 492,500, extending a decline that began after vacancies peaked in mid-2022.
Timber Neighborhood Planned Near Amsterdam
A 519-home timber neighborhood is planned near Amsterdam, featuring CLT frames, Global Construction Review reported.
Andersen to Acquire Bright Wood
Andersen Corporation said it will acquire Bright Wood Corporation, the largest independent US manufacturer of engineered dimensional lumber and window and patio door components.
Canadian Housing Starts Rise 9.4% in November
Canadian housing starts rose 9.4% in November to a SAAR of 254,058 units, while the six-month trend declined 1.7%, CMHC reported.
US Nonfarm Payroll Increases by 64,000 in November; Unemployment at 4.6%
US nonfarm payroll employment rose by 64,000 in November, while the unemployment rate rose to 4.6%. Construction added 28,000 jobs.
Thebault Group Launches France’s First LVL Manufacturing Plant
Thebault Group has inaugurated France’s first LVL manufacturing plant, a 25,000 square-meter facility backed by state and regional funding, LaCommère43 reported.
Canadian Existing-Home Sales Fall in November
Canadian existing-home sales slipped 0.6% in November as inventory held steady and the national average home price fell 2% from a year earlier, CREA said.