The Melbourne, Australia, suburb of Collingwood will soon be home to a hybrid timber tower. Designed by Jackson Clements Burrows (JCB), the sustainable commercial office will comprise of 15 stories, including 10 levels of timber tower.
Wood Markets News
Canadian GDP Edges Higher in September
Statistics Canada reported today that real gross domestic product (GDP) in Canada edged 0.1% higher in September. Growth was led by goods-producing industries, up 0.3%, while service-producing industries were basically flat.
S&P CoreLogic Case-Shiller US Home Price Index Continued to Decline in September
The S&P CoreLogic Case-Shiller US National Home Price NSA Index for September reported that home prices experienced a 10.6% annual gain in September. This marks the sixth consecutive monthly decline in home prices.
The Conference Board’s Consumer Confidence Index Falls Further in November
The Conference Board released today its Consumer Confidence Index® (CCI) for November. The CCI declined for the second consecutive month, after experiencing two consecutive months of growth. The Index now stands at 100.2 (1985=100), down from its October reading of 102.2.
Pacific Northwest Fir Trees Hit With Massive “Firmangeddon” Mortality Event
The Oregonian is reporting that, according to as-yet unpublished research conducted by the US Forest Service, fir trees in Oregon and Washington died in record-breaking numbers in 2022. The drought-driven “mortality event,” labeled “Firmageddon” by researchers, is the largest die-off ever recorded for fir trees in the two states.
Cree First Nation Reopens Lumber Mill, Creating New Jobs and Hoping to Address Social Issues in the Community
The Cree Community of Waswanipi has reopened a lumber mill in the hopes of attracting jobs and addressing some of the social issues in the community. The facility has been dormant since 2012 and needed an overhaul to make it operational again.
Natural Resources Canada Contributes $12.7 Million for Tree Planting Project in Ontario
Natural Resources Canada announced a $12.7 million contribution to Forest Ontario to plant 7.2 million trees through the 2 Billion Trees Program, which is aimed at partnering with governments and organizations to plant two billion trees over the next 10 years.
New Jersey Pinelands Commission Plan Draws Mixed Response From Environmental Groups
A plan adopted by the New Jersey Pinelands Commission on October 14 and set to begin in April of 2023 has split environmental groups. Created by Congress in 1978, the Pinelands district occupies 22% of New Jersey’s land area, is home to 135 rare plant and animal species, and is the largest body of open space on the mid-Atlantic seaboard.
The University of Idaho’s New Basketball Arena Wins “Intermountain Project of the Year”
The University of Idaho needed a new home for its basketball program. As the projected advanced, “local forest industry partners pushed the university leadership to think about something different from the normal concrete and steel approach.”
Louisiana-Pacific OSB Limited Partnership Receives Approval for Expansion and Upgrades to its Fort St. John B.C. Facility
Energetic City.Ca reported on Thursday (11-24-22), that the Environmental Assessment Office has approved a request submitted on August 2, 2022, […]