The first timber structure made from CLT and glulam upcycled from construction scrap will be showcased at BuildZero in London, Wood Central reported.
Wood Markets News
US National Interagency Fire Center Wildfire Update as of September 16th
As of Monday, 55 large active wildfires are being managed with full suppression strategies nationwide. Current wildfires have burned 2,433,868 acres.
Canfor Provides Update After Recent BC Sawmill Closures
Canfor said it remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges.
Lower Mortgage Rates and Increasing Inventory Give Would Be Home Buyers a Window of Opportunity
Lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year, Zillow reported.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment rose to a reading of 69.0 in September, up from 67.9 in August. This is a month-over-month increase of 1.6% and up 1.8% year-over-year.
Modular and Off-Site Built Homes See Modest Increase in Market Share in 2023
The total market share of non-site built single-family homes (modular and panelized) was just 3% of single-family homes built in 2023, the Census Bureau and NAHB reported.
India’s Century Plyboards Plans to Increase Plywood Production Capacity by 30%
India-based Century Plyboards, a leading wood products manufacturer, plans to boost its plywood production capacity by approximately 30% over the next 12–15 months with an investment of around ₹140 crore (US$16.7 million), newsonprojects reported (9-12-24).
US 30-Year Mortgage Rate Hits Lowest Level Since February 2023
The 30-year fixed-rate mortgage averaged 6.20%, down from last week when it averaged 6.35%, Freddie Mac reported.
Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations Acquire an Interfor Forest License
The Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations have acquired an Interfor forest license, The Campbell River Mirror reported.
Value of Canadian Building Permits Soars 22.1% in July
The total value of building permits in Canada soared 22.1% month-over-month to $12.4 billion (CAD) in July. This follows two consecutive months of declines.