The HMI showed further deterioration in builders’ sentiment across key regions after a disappointing Q1 HMI report.
Wood Markets News
UPM Announces Curtailments at Its Kaukas and Kymi Pulp Mills in Finland
UPM is temporarily adjusting production at its UPM Kaukas and UPM Kymi pulp mills in Finland to meet current market conditions.
“Missing Middle” Multi-Family Construction Unchanged in Q2
The “missing middle” sector includes development of medium-density housing, such as townhouses, duplexes, and other small multifamily properties.
Stanford Engineers Develop Spray Gel to Protect Homes and Infrastructure From Wildfires
Stanford researchers have engineered a water-enhanced gel that could significantly improve how homes and infrastructure can be protected from wildfires, according to a feature by Interesting Engineering.
Canada Forces Arbitration in CN and CPKC Rail Labor Dispute, Ending Lockout
Trains are expected to start rolling again after the government forced CN and CPKC into arbitration with their labor union Thursday, The Associated Press reported.
US Existing-Home Sales Increase in July, Ending Streak of Four Declines
Total existing-home sales increased 1.3% in July from June to a seasonally adjusted annual rate of 3.95 million, NAR reported.
Canada and Nova Scotia Announce C$40 Million Investment to Plant up to 21 Million Trees by 2031
The governments of Canada and Nova Scotia announced a joint investment of more than C$40 million to plant up to 21 million trees by 2031 on private and public lands in Nova Scotia.
US Fixed-Rate Mortgages Inch Lower in the Week Ending August 22nd
The 30-year fixed-rate mortgage averaged 6.46%, down from last week when it averaged 6.49%, Freddie Mac reported.
Two Michigan Universities Leading the Way on Technology and Promotion of Mass Timber
Two Michigan universities are working with the state’s Department of Natural Resources to develop mass timber construction technologies and promote mass timber construction, according to UPword Michigan.
US Weekly Initial Jobless Claims Increase in the Week Ending August 17th
The advance figure for seasonally adjusted initial unemployment claims was 232,000 during the week ending August 17th, an increase of 4,000 from the previous week’s revised level.