Wood Markets News


West Fraser to Announces Purchase of Georgia Pacific’s Allendale, South Carolina OSB Mill

West Fraser Timber Co. Ltd. Announced today (10-26-21) that it has entered into agreement to acquire Georgia Pacific’s oriented strand board (OSB) mill located near Allendale, South Carolina for approximately $280 million (USD). The transaction is expected to close following the successful completion of U.S. regulatory review and satisfaction of customary conditions.

World’s Tallest Hybrid Timber Tower Plans Approved

The 39-story Sydney Tower, billed as the world’s tallest hybrid timber tower when it was first unveiled in 2020, has been approved. The Shop Architects and BVN’s $1 billion (A$) will be the new home of Atlassian, the Australian tech company. The tower adjoins Sydney’s Central Station and it is intended to be a linchpin of the state government’s planned technology precinct.

Remodeling Growth Forecasted to Continue Deep into 2022

The Remodeling Futures Program at The Joint Center for Housing Studies at Harvard University released on Thursday (10-21-21) their Leading Indicator of Remodeling Activity (LIRA) Report. According to the LIRA, strong growth in home improvement and maintenance expenditures is expected to continue over the coming year.

September Construction Job Openings and Labor Turnover Report Released, Including State-By-State Breakdown

A closer look at the September 2021 Job Openings and Labor Turnover (JOLTS) report by state reveals that across the 48 states which reported construction sector jobs data — which includes both residential as well as non-residential construction — 30 states reported an increase in September compared to August, while 16 states lost construction sector jobs.