Canadian real GDP rose 0.1% in January, led by gains in goods-producing industries, while construction increased 1.1%.
Wood Markets News
Gresham House to Acquire Majority Stake in Molpus Woodlands Group
Gresham House will acquire a majority stake in Molpus Woodlands Group, creating a global timberland manager with about $8 billion in assets under management.
FHFA House Price Index Rises in January
The FHFA House Price Index rose 0.1% month-over-month in January and was up 1.6% year-over-year.
S&P Cotality Case-Shiller Index Reports 0.9% Annual Gain in US Home Prices in January
US home prices rose 0.9% year-over-year in January, down from a 1.3% gain in December.
Australian Forest Products Association Raises Concerns Over Australia–EU Free Trade Agreement
AFPA raised concerns over the Australia–EU trade deal, warning that tariff-free timber imports could pressure domestic producers already facing rising costs.
US Job Openings and Labor Turnover Summary for February
US job openings totaled 6.9 million in February, with hires at 4.8 million and separations at 5.1 million.
US Existing-Homes Lingering on Market for 60 Days Hits Highest February Level Since 2019
More than 52% of US home listings sat on the market for 60 days or more in February, the highest level for the month since 2019, Redfin reported.
Australia and New Zealand Launch Joint Forest Valuation Standard
Australia and New Zealand launched a joint forest valuation standard, consolidating frameworks and setting a unified approach for plantation and native forests.
Greenply Specialty Panels Breaks Ground on Second MDF Line in India
Greenply Specialty Panels has broken ground on a second MDF line in Vadodara, India, ET Manufacturing reported.
Helsinki’s Mass Timber Pavilion Dismantled for Relocation and Reassembly
Helsinki’s 2,000-square-meter mass timber pavilion is being dismantled and relocated after four years.