Wood Markets News


Job Openings and Labor Turnover Summary Released for April 2022

On Wednesday, the U.S. Bureau of Labor Statistics reported the Job Openings and Labor Turnover Summary (JOLTS) for April 2022. According to the JOLTS report, as of the last day in April, the number of job openings decreased from its all-time in March of 11.5 million to 11.4 million (-455,000), or a rate of 7.0%.

Tolko Company Releases Update on Fire Damage Repair Process for High Prairie, Alberta, OSB Facility

Investigations continue into the fire that damaged the Tolko OSB facility in High Prairie, Alberta, on Friday, May 20. Currently, there is no production taking place at the site. The facility is still shipping out existing finished product as trucks and empty railcars become available. On May 30, operations teams started clean-up in restricted areas.

Canadian Real GDP Increased 0.7% in March 2022

StatsCan reported today that real gross domestic product (GDP) rose 0.7% in March, following a 0.9% expansion in February. Broad-based increases across most sectors were led by client-facing industries. Both services-producing (+0.6%) and goods-producing (+0.9%) industries were up, as 14 of 20 industrial sectors expanded in March.

U.S. Home Prices Post 20.6% Year-Over-Year Gain in March 2022

On Tuesday, S&P CoreLogic Case-Shiller released its U.S. National Home Price NSA Index for March. The Index, which covers all nine U.S. Census divisions, reported that home prices experienced a 20.6% annual gain in March. The increase follows a 20.9% annual gain in February and a 19.1% annual gain in January.

U.S. National Interagency Fire Center Wildfire Update for May 31, 2022

On Tuesday (5-31-22), the U.S. National Interagency Fire Center (NIFC) reported that the 2022 wildfire season remains well ahead of both 2021 and its 10-year average. Currently, more than 5,300 wildland firefighters and support personnel are assigned to incidents across the country. Year to date through March 31, 27,409 wildfires had been reported, and they had burned 1,889,439 acres.