Wood Markets News


The NFIB’s Small Business Optimism Index Sets New Record Low in May 2022

The National Federation of Independent Business reported today their NFIB Small Business Optimism Index (SBOI) for May. According to the report, the May SBOI fell below the 48-year average reading of 98 for the fifth consecutive month to a reading in May of 93.1. That is -0.1 points below the April reading and a new record low for the index.

Wood Engineering Technology Reports Construction of Their Second Production Line Is Advancing

Originally announced in June of 2021, work to build the second production line at the state-of-the-art Wood Engineering Technology at Matawhero, New Zealand is advancing. “The building to house all the production equipment is 40 percent complete, and we are starting the installation of the plant equipment over the coming few weeks.”

Canada’s First Office Building Constructed From Cross-Laminated Timber Welcomes New Tenants

On Friday (6-10-22), Natural Resources Canada announced the official occupancy of oN5, located in downtown Vancouver. oN5 is the first office building in Canada constructed using high-performance cross-laminated timber (CLT) panels. The top three stories of this four-story office building are constructed completely out of CLT.