The Michigan Department of Natural Resources will issue salvage timber sales due to the ice storm in March that affected 919,500 acres.
Wood Markets News
Fannie Mae Adjusts Housing Activity Forecast
The ESR Group expects new single-family construction to total approximately 964,000 units this year.
US Consumer Confidence Plunges in April, Extending Five-Month Decline
The Conference Board Consumer Confidence Index declined 7.9 points to a reading of 86.0, the lowest level since the onset of the pandemic.
US Construction Sector Job Openings Drop in March
The number of open construction sector jobs fell from a revised 286,000 in February to 248,000 in March, the BLS and NAHB reported.
US Green Building Council Launches New LEED Rating System for Sustainable Buildings
The US Green Building Council launched LEED v5, the latest version of its flagship Leadership in Energy and Environmental Design green building program.
US Job Openings and Labor Turnover Summary for March
As of the last business day in March, job openings were little changed at 7.2 million, but down 901,000 from a year earlier.
US Multifamily Rental Housing Completions Expected to Remain Elevated Through 2027
Yardi Matrix forecasts a slight increase in US multifamily rental housing completions for 2025–27 compared to the previous quarter’s outlook.
US Residential Vacancies and Homeownership Statistics for Q1
The national rental vacancy rate was 7.1%, while the homeowner vacancy rate was 1.1%, the US Census Bureau reported.
Poland’s State Forests Set to Reduce Timber Supply in Second Half of 2025
Polish Economic Chamber of Wood Industry released its analysis of anticipated timber sales conducted by Poland’s state forests for the first and second halves of 2025.
Canadian Payroll Employment Slips in February
Payroll employment decreased 0.3% (49,000) in February, following a 0.1% increase (14,400) in January. Year-over-year, payroll employment was up 0.7% (124,300).