Denmark’s timber industry aims to raise wood’s share of construction to 20% by 2030, Interior Daily reported.
Wood Markets News
Kalesnikoff Mass Timber Launches Modular Timber Classrooms
Kalesnikoff launched modular mass timber classrooms designed for rapid and cost-effective installation.
US Mortgage Rates Continue to Climb in the Week Ending April 2
The 30-year fixed-rate mortgage averaged 6.46%, up from 6.38% the previous week, Freddie Mac reported.
US Job Cuts Rise in March
US employers announced 60,620 job cuts in March, up 25% from February and down 78% from a year ago, CG&C reported.
Brazilian Exports of Wood-Based Products Fall in February
Brazilian exports of wood-based products totaled $216.8 million in February, down 22.0% from a year earlier, ITTO reported.
ADP: Private Sector Employment and Compensation Increase in March
Private sector employment increased by 62,000 in March, while annual pay rose 4.5%, ADP reported.
US Weekly Initial Jobless Claims Decline in the Week Ending March 28
The advance figure for seasonally adjusted initial unemployment claims was 202,000, a decrease of 9,000 from the previous week.
Solifor Acquires Cascades Forest Lands in Quebec
Solifor acquired 10,500 hectares of Cascades forest land in Quebec for CA$20 million, securing long-term fiber supply for the Cabano mill.
BC Introduces Legislative Changes to Expand Wood Fiber Access
British Columbia introduced legislative changes to boost wood fiber access, with potential gains of up to 800,000 cubic meters.
US Forest Service to Move Headquarters to Salt Lake City, UT
USDA will relocate the Forest Service headquarters to Salt Lake City and shift to a state-based model to align leadership closer to field operations and forest management.