A fire destroyed Timberlyne’s kiln drying and storage facility in Cass, Minnesota, with the structure deemed a total loss, Bring Me The News reported.
Wood Markets News
BLM Timber Sales in Oregon Exceed Appraised Values in March
The BLM sold 56.8 million board feet of timber in Oregon in March for $14.9 million, exceeding appraised values by more than $5.8 million.
US Existing-Home Payments Edge Higher in Late March
The median US monthly mortgage payment rose 0.4% year-over-year to $2,742 in late March, marking the first increase in six months, Redfin reported.
US Construction Employment Climbs in March
US construction employment rose by 26,000 in March, with gains in both the residential and nonresidential sectors, the BLS and NAHB reported.
US Nonresidential Construction Employment Increases in March
Nonresidential construction employment rose by 12,200 jobs in March, with the construction unemployment rate at 6.7%, the BLS and ABC reported.
Dowel Laminated Timber Pavilion in Oregon Showcases New Structural Approach
A pavilion in Oregon built with dowel laminated timber highlights a bending-active shell system, expanding design possibilities for mass timber construction, Dezeen reported.
New South Lumber Invests in New Continuous Dry Kiln at Its Mobile, AL, Sawmill
New South Lumber plans a $10.5 million continuous dry kiln investment at its Mobile, Alabama, sawmill, Business Alabama reported.
Canadian Sawmill Production and Shipments Increase in January
Canadian sawmill production rose 16.2% in January, while shipments increased 13.5%.
US Nonfarm Payroll Increases by 178,000 in March; Unemployment at 4.3%
US nonfarm payroll employment rose by 178,000 in March, while the unemployment rate edged down to 4.3%.
Juken New Zealand Seeks Buyer for Kaitāia Mills Facing Possible Closure
Juken New Zealand is seeking a buyer for its Kaitāia timber mills as high operating costs pressure operations, RNZ reported.