Canfor completed the acquisition from Arkansas Resolute El Dorado Inc. of its lumber manufacturing facility in Union County, Arkansas.
Wood Markets News
US Construction Employment Increases in July
Employment in the construction sector increased by 25,000 in July, the BLS and NAHB reported.
Potential US Homebuyers Remain Sidelined Even As Payments Hit Lowest Level Since March
The median US monthly housing payment was $2,667 during the four-week period ending on July 28th, Redfin reported.
Brazilian Exports of Wood-Based Products Increase Year-Over-Year in June
Brazilian exports of wood-based products (except pulp and paper) increased 7.4% to US$313.1 million in June, ITTO reported.
US Nonfarm Payroll Increases in July, but Unemployment Trends Higher
Nonfarm payroll employment increased by 114,000 in July. The unemployment rate increased 0.2 percentage points to 4.3%.
Western Cascade Industries Permanently Closing Its Toledo, OR, Sawmill
The chip and sawmill operated by Western Cascade Industries in Toledo, Oregon, is permanently closing its doors this week, The Lincoln County Leader reported.
US Monthly Construction Spending Declines in June
Total construction spending during June was estimated at a SAAR of $2,148.4 billion, 0.3% below the revised May estimate of $2,154.8 billion.
US Census Bureau Releases Q2 Residential Vacancies and Homeownership Data
The homeowner vacancy rate of 0.9% was higher than 0.7% in 2023Q2 and higher than 0.8% in Q1.
Fixed-Rate Mortgages Trend Lower in the Week Ending August 1st
The 30-year fixed-rate mortgage averaged 6.73%, down from last week when it averaged 6.78%, Freddie Mac reported.
Perth, Australia, Office Building Uses First Fully Demountable CLT and Steel Frame System
One of Australia’s greenest and most cost-efficient buildings is open for business, according to a feature by Wood Central.