The advance figure for seasonally adjusted initial unemployment claims was 233,000, a decrease of 17,000 from the previous week’s revised level.
Wood Markets News
Total Value of US Homes Reaches Record High of $49.6 Trillion
On Thursday, Redfin reported that according to its data, the total value of US homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion.
US Multifamily Developer Confidence in Q2 Declines Year-Over-Year
The NAHB produces two separate indices: The Multifamily Production Index had a reading of 44, a decrease of 12 points year-over-year, while the Multifamily Occupancy Index had a reading of 81, falling 8 points year-over-year.
Mercer Mass Timber’s Nick Milestone Discusses How Mass Timber is Revolutionizing Construction
Nick Milestone, Vice President of Projects and Construction for Mercer Mass Timber, sat down with Wood Central for an exclusive interview about how the building industry is changing.
Canfor Revises Curtailment Schedule for Its Fort St. John, BC, Sawmill
In response to the potential of a nationwide railroad strike by over 9,000 rail workers, Canfor has revised its curtailment schedule for its Fort St. John, BC, sawmill, Energeticcity reported.
Fire Destroys Building at Katahdin Forest Products Mill in Oakfield, ME
On Tuesday, the Oakfield Fire Department (OFD) responded to a fire at the Katahdin Forest Products facility, The Country reported.
Fannie Mae Home Purchase Sentiment Index® Trends Lower in July
The HPSI decreased 1.1 points in July to a reading of 71.5, as an overall lack of affordability continues to hamstring consumer sentiment toward the housing market.
Mortgage Applications Increase in the Week Ending August 2nd
Mortgage loan application volume increased 6.9% on a seasonally adjusted basis from one week earlier, MBA reported.
US Forest Service Announces $25 Million Funding Opportunity to Help Reduce Wildfire Risk
The Forest Service announced a funding opportunity through the hazardous fuels transportation assistance program to reduce wildfire risk, expand and create market opportunities, and support local jobs.
A Look at Vancouver’s “The Hive,” the World’s Most Advanced Seismic Timber Building
The world’s most advanced earthquake-resistant timber building is weeks from topping out in downtown Vancouver, according to a feature by Wood Central.