The construction industry added 25,000 jobs on net in July, the Census Bureau and ABC reported. Year-over-year, industry employment has expanded by 239,000.
Wood Markets News
Bark Beetle Infestation Found in UK Sitka Spruce for First Time; Scotland Stepping Up Defenses
An invasive beetle wreaking havoc on conifer plantations across Europe has been found for the first time on Sitka spruce in the UK, Wood Central reported.
Goodman Veneer and Lumber Operation in Goodman, WI, Abruptly Closes
Employees at the Goodman Veneer and Lumber operation in Goodman, Wisconsin, have received notice of the mill’s closure, The Daily News reported.
2024 BC Wildfires Burn Fourth-Largest Area on Record
British Columbia’s wildfire season is now the fourth-worst on record in terms of hectares burned, the Vernon Morning Star reported.
Nonresidential Construction Spending Declines in June
National nonresidential construction spending declined 0.2% in June, according to ABC. Private nonresidential spending fell 0.1%.
US National Interagency Fire Center Wildfire Update as of August 5th
As of Monday, 85 large active wildfires are being managed with full suppression strategies. Wildfires have burned 2,185,273 acres nationwide.
Membertou First Nation Building Area’s First Mass Timber Commercial Building Near Sydney, NS
The Membertou First Nation is building the area’s first mass timber commercial building, a 92,000-square-foot office complex, according to a feature by Daily Commercial News.
Canfor Completes Acquisition of El Dorado, AR, Sawmill From Resolute
Canfor completed the acquisition from Arkansas Resolute El Dorado Inc. of its lumber manufacturing facility in Union County, Arkansas.
US Construction Employment Increases in July
Employment in the construction sector increased by 25,000 in July, the BLS and NAHB reported.
Potential US Homebuyers Remain Sidelined Even As Payments Hit Lowest Level Since March
The median US monthly housing payment was $2,667 during the four-week period ending on July 28th, Redfin reported.