May was the best month of 2024 for timber import volumes at 897,000 cubic meters, TDUK reported.
Wood Markets News
Rent Growth Slows as Additional Multifamily Units are Completed
More new multifamily units were completed in June than in any month since the 1970s.
US National Interagency Fire Center Wildfire Update as of August 12th
As of August 12th, 78 large wildfires are being managed with full suppression strategies. Current fires have burned 2,404,053 acres.
Interfor Announces Additional Curtailments for Remainder of the Year
Interfor announced its Q2 earnings on Thursday, which included a list of updated and additional planned production curtailments.
Canadian Labor Board Clears Way for Rail Strike if No Agreement is Reached by August 22nd
A strike or lockout at CPKC and CN could occur as soon as Thursday, August 22nd, Reuters reported.
Canadian Construction Price Indices Rise in Q2
Residential building construction costs increased 0.8% in Q2, following a 1.0% increase in Q1. Nonresidential building construction costs rose 1.1%, following a 1.0% increase in Q1.
US Wood Pellet Exports Decline in June
The US exported 739,277.2 metric tons of wood pellets in June, down from 926,024.1 metric tons in May, a Biomass Magazine review of USDA data shows.
Mortgage Credit Availability in July Reaches Highest Level Since October 2023
The MBA Mortgage Credit Availability Index increased by 3.3% to a reading of 98.1 in July.
Credit for Residential Land Acquisition, Development, and Construction Tightens in Q2
Credit for residential AD&C continued to tighten in Q2 and became even more expensive for most types of loans, NAHB reported.
Canadian Employment and Unemployment Remained Little Changed in July
Overall employment was little changed in July. The employment rated declined 0.2 percentage points to 60.9%.