A fire on October 31st raced through a lumber mill operation located near Woodstock, New Brunswick, the River Valley Sun reported.
Wood Markets News
Canadian Softwood Lumber Production and Shipment Data for August
Canadian softwood lumber production in August increased 2.5% from July to 3,772.6 thousand cubic meters. Year-over-year, production was down 9.9%.
Microsoft Plans to Build Wooden Data Centers to Reduce Emissions
Microsoft, in an effort to make data centers greener, is breaking away from traditional construction methods and embracing wood, Firstpost reported.
US National Interagency Fire Center Wildfire Update as of November 4th
As of Monday, wildland fire activity continues in 12 states where 17 large active wildfires have burned 492,102 acres.
Strike Shuts Down Two Port of Montreal Terminals
The Port of Montreal announced than an indefinite strike has begun at the Viau and Maisonneuve terminals, in accordance with the strike notice filed by CUPE Local 375.
US Private Residential Construction Spending Increases 0.2% in September
Private residential construction spending trended up 0.2% in September, the Census Bureau and NAHB reported. Year-over-year, construction spending was 4.1% higher.
US Construction Spending Increases 0.1% in September
Total construction spending during September was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1% above the revised August estimate.
US Nonfarm Payroll Little Changed in October; Unemployment Flat at 4.1%
Nonfarm payroll employment was essentially unchanged in October, adding only 12,000 jobs. The unemployment rate was unchanged at 4.1%.
Brazilian Exports of Wood-Based Products Increase in September
Brazilian exports of wood-based products (except pulp and paper) in September increased 20.0% in value year-over-year, ITTO reported.
US Mortgage Rates Move Higher for the Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.72%, up from last week when it averaged 6.54%, Freddie Mac reported.