Wood Markets News


Intelligent City Offers Three-Pronged Approach to Sustainable and Affordable Mass Timber Construction

Vancouver, BC-based Intelligent City has been on a quest for over the past ten years to automate the construction of sustainable buildings. Intelligent City offers sustainability and affordability through a three-pronged approach, offering a software platform that designs buildings, an automated manufacturing process, and the use of mass timber.

Canadian Housing Starts Trend Higher in June

According to the latest release from the Canadian Mortgage and Housing Corporation, the trend in housing starts increased from 252,444 units in May to 258,295 units in June, an increase of 5,851 units. This trend measure is a six-month average of the monthly seasonally adjusted annual rate of housing starts in Canada.

Builder Confidence Plummets 12 Points in July

The National Association of Home Builders/Wells Fargo Housing Market Index reported today that builder sentiment in the market for newly built single-family homes tumbled 12 points lower in July to a reading of 55. This marks the seventh consecutive month of declines, and with the exception of April 2020, is the lowest reading since June 2020.