Wood Markets News


Canfor Holds Groundbreaking Ceremony for Its New Sawmill Facility in Deridder, Louisiana

Canfor held its official groundbreaking ceremony on Thursday for a new sawmill facility in DeRidder, Louisiana. The new facility will be Canfor’s first greenfield project, as well as the company’s first investment in the state. The site is projected to be $160 million state-of-the-art sawmill complex and will be Canfor’s 16th operation in the U.S.

Norway’s Third-Tallest Skyscraper Is 18-Stories Tall and Built With 100% Locally Harvested Pine Timber

Norway’s third tallest skyscraper is unique. The building was built using local pine, which was harvested straight from its own backyard and is at the center of lumber-based architecture. The Mjøstårnet was built with 100% diverse types of engineered wood. Everything, including the elevator shaft, features complete wooden construction.

Weekly Jobless Claims Move Lower in the Week Ending April 16, 2022

The U.S. Department of Labor is reporting that an additional 184,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, April 16, 2022. This is a decrease of 2,000 from the previous week’s revised level. The 4-week moving average was 177,250.