Ontario is investing $3.46 million (CAD) in Element5 to help the mass timber manufacturer expand its operations. The funding will more than triple the company’s production.
Wood Markets News
FHFA Home Price Index Unchanged Month-Over-Month but Up Year-Over-Year in May
US house prices, seasonally adjusted, remained stable in May. Year-over-year, prices rose 5.7%. The previously reported 0.2% price increase in April was revised upward to 0.3%.
S&P CoreLogic Case-Shiller US National Home Price Index Reports 5.9% Annual Gain in May
The Index, covering all nine US census divisions, posted an annual gain of 5.9%, down from a 6.3% gain in April.
Forestry Australia Proposes Expanding Carbon Credits to Native Forests to Help Meet Targets
The initiative would expand carbon credits across all native forest tenures, including state forests, private native forests, forests managed by Traditional Owners, national parks, and conservation reserves.
US Consumer Confidence Index Increases in July
The Conference Board Consumer Confidence Index® increased to a reading of 100.3 in July, up from 97.8 in June.
US Job Openings and Labor Turnover Summary for June
As of the last business day in June, the number of job openings was 8.2 million, unchanged from May’s revised level. However, the measure was down 941,000 year-over-year.
Typical US Homebuyer’s Monthly Payment Drops $166 to Lowest Level in Four Months
During the four-week period ending on July 21st, the typical US homebuyer’s monthly housing payment was $2,671, Redfin reported.
North Cowichan Urges BC to Streamline Timber Harvesting Process to Keep Local Sawmills Open
North Cowichan wants BC to streamline its permitting process for timber harvesting in an effort to assist Western Forest Products, the Cowichan Valley Citizen reported.
Meise Botanic Garden in Belgium Unveils Completed “Green Ark” Mass Timber Project
The Meise Botanic Garden unveiled a renovation and expansion comprising 82,000 square feet of new and improved greenhouse facilities, according to a feature by Architectural Record.
US National Interagency Fire Center Wildfire Update as of July 29th
As of Monday, 102 large active wildfires are being managed and have consumed 2,083,405 acres. Fire managers are using full suppression strategies on 94 of these fires.