CPKC said that Unifor—representing approximately 1,200 staff across Canada—has ratified a new four-year collective agreement.
Wood Markets News
StructureCraft Launches Separate DowelLam Brand
StructureCraft is launching DowelLam, a dedicated division for dowel-laminated timber (DLT).
US Multifamily “Missing Middle” Posts Year-Over-Year Gain in Q4
There were 5,000 2- to 4-unit housing unit construction starts in 2024Q4, up 25% from 2023Q3, NAHB reported.
Boise Cascade Details Its $140-Million Investment in Three Alabama and Louisiana Facilities
Boise Cascade shared additional details regarding its previously announced $140-million investments in its Alabama and Louisiana facilities in support of its EWP growth strategy.
Price Gap Between New and Existing US Homes Continues to Shrink in Q4
The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024, the Census Bureau, NAR, and NAHB reported.
FHFA Home Price Index Increases 4.5% Year-Over-Year in Q4
The FHFA House Price Index rose 4.5% year-over-year in Q4. Compared to Q3, prices were up 1.4%.
US Consumer Confidence Index Declines for Third Consecutive Month in February
The Conference Board Consumer Confidence Index declined 7.0 points to a reading of 98.3 in February, down from 104.1 in January.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in December
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in December, up from an increase of 3.7% in November.
Typical Down Payment on US Home Increases 7.5% Year-Over-Year in December
The typical homebuyer’s down payment was $63,188 in December, up 7.5% from a year earlier and the biggest increase in five months, Redfin reported.
President Trump Says Tariffs on Canada and Mexico “Going Forward” as Planned
On Monday, President Donald Trump said that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension, AP reported.