Parks Canada is ramping up plans for logging and prescribed fire work to reduce the risk of a catastrophic wildfire to the Banff townsite, the St. Albert Gazette reported.
Wood Markets News
Credit Availability Tightened for US Builders in Q4
Credit tightened further in Q4, according to NAHB and Federal Reserve surveys.
New US Residential Construction Input Prices Increase 1.2% in January
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 1.2% in January, the BLS and NAHB reported.
Investment in Canadian Building Construction Increases 1.9% in December
Investment in building construction rose 1.9% to CA$21.8 billion in December, with gains recorded across all components.
SCM to Provide Timberlab With Technologies for Its New Millersburg, OR, Plant
Timberlab is partnering with SCM, a leading Italian manufacturer of machinery and systems for the woodworking industry.
Boston University Unveils Plans for Tallest Timber Tower in Massachusetts
Boston University unveiled designs for a new academic building that would become the tallest mass timber tower in Massachusetts, Bankers & Tradesman reported.
US National Interagency Fire Center Wildfire Update as of February 14
Five large new wildfires were reported this week, with three of these fires contained.
US Existing-Home Supply at 2020 High, Sales at 2020 Low
Homebuyers have the most options since 2020, but few are biting because of high monthly payments, Redfin reported.
US Mortgage Rates Inch Lower in the Week Ending February 13
The 30-year fixed-rate mortgage averaged 6.87%, down from last week when it averaged 6.89%, Freddie Mac reported.
Southern Pine Lumber Exports Fall 2.2% in December
Southern pine exports (both treated and untreated) totaled 565.7 MMBF in 2024, an 11% increase compared to 2023, the SFPA and USDA reported.