Wood Markets News


Consumer Debt Spikes in Q2 2021

The Federal Reserve Board has released the Q2 2021 G-19 Report. The G-19 reveals that in Q2 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate (SAAR) of 8.8%. Revolving debt increased by 10.7% and nonrevolving debt increasing by 8.3%.

Construction Job Openings Increased in June 2021

A look at the Bureau of Labor Statistics (BLS) Job Opening and Labor Turnover Survey (JOLTS) with a focus on construction, and with analysis provided by the National Association of Home Builders (NAHB), reveals the count of open construction jobs increased in June to 339,000 unfilled positions. Overall, hiring in the construction sector remained solid in June, increasing to a 4.8% rate.

Job Opening and Labor Turnover Survey Released for June 2021

The U.S. Bureau of Labor Statistics (BLS) today (8-9-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for June 2021. According to the JOLTS report, as of the last business day in June, the number and rate of job openings was at a series record high of 10.1 million, or +590,000.

Sierra Pacific Industries Announces Plan to Purchase Seneca Sawmill

In a joint statement released on Thursday (8-5-21), Sierra Pacific Industries (SPI) and Seneca Sawmill announce their plans to combine the two businesses. Seneca currently operates a 175,000-acre tree farm, sawmills and a biomass plant in Oregon, and SPI is a lumber producer that manages more than 2.1 million acres of timberland in California and Washington.