Wood Markets News


US Weekly Jobless Claims Decrease

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 190,000 during the week ending on Saturday, January 14, 2023. This is a decrease of 15,000 from the previous week’s unrevised level of 205,000.

US Builder Sentiment Improves in January

On Wednesday, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported that builder sentiment in the market for newly built single-family homes rose 4 points in January to a reading of 35.

Nova Scotia Introduces “High Production Forestry” Scheme

In response to recommendations outlined the “An Independent Review of Forest Practices in Nova Scotia” report, the province has released in its “High Production Forestry Phase II Guidance for Implementation”. According to the document’s introduction, the Province of Nova Scotia is embarking on a new vision for forest management on Crown lands.

Canadian Housing Starts Trend Lower in December

The Canada Mortgage and Housing Corporation reported on Tuesday that standalone monthly seasonally adjusted annual rate of total housing starts for all areas in Canada declined 5% in December to 248,625 units, compared to November’s 263,022 units. CMHC also reported that the SAAR of total urban starts decreased by 5%.