National nonresidential construction spending declined 0.2% in June, according to ABC. Private nonresidential spending fell 0.1%.
Wood Markets News
US National Interagency Fire Center Wildfire Update as of August 5th
As of Monday, 85 large active wildfires are being managed with full suppression strategies. Wildfires have burned 2,185,273 acres nationwide.
Membertou First Nation Building Area’s First Mass Timber Commercial Building Near Sydney, NS
The Membertou First Nation is building the area’s first mass timber commercial building, a 92,000-square-foot office complex, according to a feature by Daily Commercial News.
Canfor Completes Acquisition of El Dorado, AR, Sawmill From Resolute
Canfor completed the acquisition from Arkansas Resolute El Dorado Inc. of its lumber manufacturing facility in Union County, Arkansas.
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.