According to the latest U.S. Bureau of Labor Statistics (BLS) state-by-state unemployment and employment report for August, unemployment rates were lower in 15 states and D.C. and stable in 35 others.
News 1130, a Vancouver based AM radio station, is reporting a major fire at the West Fraser Sawmill in Chetwynd, British Columbia (northern) on Thursday. According to Chetwynd Mayor Allen Courtoreille, the wind carried sparks from one pile to another.
Södra, a forestry cooperative based in Växjö, Sweden, has announced that its complete offering of CLT panels for frame assembly with complementary products and services will now be available in the Danish market starting in September. This is the first step of Södra’s plan to expand their business into Europe.
Ingka Group, which owns retail giant Ikea, has purchased 5500 hectares of Otago, New Zealand farmland that it plans to plant into forest. In August, the Overseas Investment Office approved the purchase of Wisp Hill buy the Ingka Group.
Data from the U.S. Census Bureau’s Survey of Construction (SOC), with analysis provided by the National Association of Home Builders (NAHB), reveals that the custom home share decreased to 17.8% of all single-family homes started in 2020. That is the lowest annual custom home share has been since the redesigning of the SOC in 2005.
Zillow Group, Inc., the Seattle-based real estate marketplace company, in their latest Zillow® Market Report revealed that the runaway monthly increases in home values and rents slowed in August. This paves the way, Zillow says, for a strong but more manageable housing market for this coming fall.
The University of Michigan today (Friday 9-17-21) released its preliminary Consumer Sentiment Index (CSI) for September. The Index of Consumer Sentiment increased to a reading of 71.0 in September, up from 70.3 in August — a month-over-month increase +1.0% but -11.7% year-over-year (80.4 in September 2020).
Unlike with Katrina, during Ida a lot of small, scattered trees as well as big ones went down. “Anything 15 years and up that was on commercial forest land that was planted and thinned before Ida hit, those stands have been pretty much totally devastated.”
Canada Mortgage and Housing Corp (CMHC) reported on Wednesday (9-15-21) that the annual pace of housing starts in Canada in August slowed when compared with July, as the rate of new home construction continued to decline from their highs earlier in the year. According to the CMHC, the seasonally adjusted annual rate of housing starts was 260,239 units in August, down from 270,744 in July.
Metsä Wood, part of Metsä Group, is planning to construct a new Kerto® LVL mill on its expanding mill area in Äänekoski, Finland. The investment of approximately EUR 200 million is pending the completion of a local detailed plan for the area.