3XN, an architecture and design company, is celebrating the topping out of Cobot Hub, a timber office park in Odense, Denmark, according to a report by “Archinect.” The facility will serve as the joint home of two robotics companies.
Wood Markets News
UK’s L&G-Owned Homebuilder Cala Group Purchases Taylor Lane
Cala Group announced it has purchased timber frame builder Taylor Lane in a move designed to boost its timber frame production in England to 1,500 units annually over the next five years, according to a report by “Building.”
BC’s Chief Forester Announces New Allowable Annual Cut for the Mackenzie Timber Supply Area
In accordance with the Forest Act, BC’s chief forester has set a new allowable annual cut (AAC) level for the Mackenzie Timber Supply Area (TSA). The new AAC for the Mackenzie TSA has been set at 2.39 million cubic meters.
To Meet New Zealand’s Carbon Goals, Forestry Minister Urges Harvested Logs be Processed Domestically
New Zealand’s Forestry Minister Peeni Henare has announced a $57 million (NZD) fund to promote investment in domestic wood-processing facilities, according to a report by “Newsroom.”
Construction Sector Data From April’s Nonfarm Payroll Report
A closer look at the Bureau of Labor Statistics April Nonfarm Payroll report reveals that overall construction sector employment increased by 15,000 in April. This follows a reported 11,000 jobs lost in March.
Canadian Employment Increased in April; Unemployment Continued to Hold Steady
Statistics Canada reported Friday that employment in Canada increased by 41,000 jobs, or 0.2%, in April. Since February 2023, monthly employment growth has averaged 33,000.
US Nonfarm Payroll Increases by 253,000 in April; Unemployment Inches Lower to 3.4%
The US Bureau of Labor Statistics reported Friday that total nonfarm payroll employment increased by 253,000 in April. In the prior six months, job growth saw an average monthly gain of 290,000.
Hood Industries Announces Plans to Build a New Plywood Mill in Beaumont, Mississippi
Hood Industries announced Thursday that it plans to build a new, laminated plywood panel manufacturing facility in Beaumont, Mississippi. On April 17, 2022, a tornado significantly damaged the current facility, and the mill was deemed inoperable.
WestRock to Permanently Close North Charleston, SC, Paper Mill on August 31st
WestRock Company announced on Tuesday (5-2-23) that it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023. The North Charleston mill has a combined capacity of 550,000 tons.
30-Year Mortgage Rate Moves Lower; 15-Year Rate Inches Higher
Freddie Mac has released its Primary Mortgage Market Survey® for the week ending May 4th. The 30-year fixed-rate mortgage averaged 6.39%, up from last week when it averaged 6.43%. A year ago at this time, the 30-year rate averaged 5.27%.