Siempelkamp announced that Thai wood-based panel producer S.Kijchai Enterprise has placed an order for a new MDF plant—the company’s third.
Wood Markets News
Stora Enso Resumes Harvesting in Finland After Completing Harvesting Site Inspections
Stora Enso has completed its inspections of harvesting sites in Finland with high nature values following the environmental violation in Hukkajoki, Finland, on August 15th.
Vancouver, BC, Opens School Built Entirely of Prefabricated CLT
Vancouver has completed wək̓ʷan̓əs tə syaqʷəm Elementary School, the first school building in the district to be constructed entirely of prefabricated CLT panels, Canadian Architect reported.
Canadian Employment Holds Steady in August, but Unemployment Increases to 6.6%
Employment in August was little changed for the fourth consecutive month. Canada added 22,000 new positions, up 0.1%. The employment rate declined 0.1 percentage point to 60.8%.
Timberlab Plans to Build Its New CLT Facility in Millersburg, OR
Timberlab announced that it plans to build its new state-of-the-art cross-laminated timber (CLT) manufacturing facility in Millersburg, Oregon.
Canadian Sawmill Production Declines in June
Canadian lumber production decreased 10.9% month-over-month to 3,988.5 thousand cubic meters in June. Year-over-year, lumber production was 3.3% higher.
Fannie Mae Releases Q3 Home Price Expectations Survey
Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, Fannie Mae reported.
US Wood Pellet Exports Increase in July
The US exported 874,596.1 metric tons of wood pellets in June, up from 739,277.2 metric tons in June and from 651,698.8 metric tons in July 2023, a Biomass Magazine review of USDA data shows.
US Mortgage Rates Unchanged in the Week Ending September 5th
The 30-year fixed-rate mortgage averaged 6.35%, unchanged from last week, Freddie Mac reported.
ADP® Reports Private Sector Employment Increased and Compensation Held Steady in August
Private sector employment increased by 99,000 jobs in August. Year-over-year, annual compensation was up 4.8%, unchanged from July.