The Conference Board, a non-partisan, not-for-profit think tank, founded in 1916, released today (6-27-23), its Consumer Confidence Index® (CCI) for […]
Wood Markets News
Softwood Lumber Board Releases Q1 Report
The Soft Wood Lumber Board (SLB) on Monday published its 2023 Q1 Report, which details the SLB, its funded programs, and their results.
Associated Builders and Contractors Construction Backlog Indicator Holds Steady in May
The Associated Builders and Contractors’ Construction Backlog Indicator remained unchanged month-over-month at 8.9 months in May. Year-over-year, the reading was 0.1 months lower.
Fannie Mae’s Economic and Strategic Research Group’s June Economic Commentary: Recession Likely
Recent months of mixed macroeconomic information has painted a jumbled picture of conditions; however, the Group continues to believe a recession is the most likely outcome of the rapid tightening of monetary policy and the late stages of business cycle dynamics.
US National Interagency Fire Center Wildfire Update for the Week Ending June 22nd
As of Thursday, June 22nd, 12 large wildfires have burned 87,213 acres in five states. No large new wildfires have been reported over the past 7 days. Since January 1st, 22,052 wildfires have burned 636,031 acres.
Suzano to Build Eucalyptus Nursery With a Capacity of 35 Million Seedlings per Year
Suzano announced that it is building a nursery with a capacity of 35 million eucalyptus seedlings per year that will meet the demand of the massive forest of its new factory in Ribas do Rio Pardo, Brazil.
Zillow Explores the US Housing Affordability Crisis and the Millions of “Missing” Households
Zillow reported in a new market analysis that a substantial shortage of affordable housing options is fueling an affordability crisis in the US. Zillow notes that in particular those looking to move out on their own for the first time are being significantly impacted.
Canada and US Expand Agreement to Help Each Other Fight Wildfires
The Chronicle Journal reported that Canada and the United States have agreed to replace an outdated and inefficient “ad hoc” approach to helping each other battle forest fires with a new formal agreement.
State-Level Analysis of Construction Sector Employment for May
Analysis provided by the National Association of Home Builders reveals that 23 states reported an increase in construction jobs in May compared to April, while 21 states lost construction sector jobs.
UK Construction Activity Expected to Contract Further During Remainder of 2023
Industry analyst Glenigan said on Thursday in a report featured in Construction News that new construction work in the UK will dry up so much in 2023 that it will take more than two years to recover.