Adeptus USA will invest $215.56 million in a new Anderson County, South Carolina, wood products facility, beginning operations in 2027Q2.
Wood Markets News
Canadian Sawmill Production and Shipments Decline in July
Canadian sawmill production fell 8.6% in July, while shipments decreased 10.3%.
US Construction Employment Climbs in September
US construction employment rose by 11,000 in September, as nonresidential gains offset a decline in residential construction, BLS and NAHB reported.
One in Five US Existing-Home Sellers Cut Asking Prices
Redfin reported that 21.1% of US existing-home sellers cut asking prices in the four weeks ending September 20, up from 19.8% a year earlier.
US National Interagency Fire Center Wildfire Update for October 2
As of October 2, eight large fires are actively burning across the US. Year-to-date, 62,738 fires have burned more than 9 million acres nationwide.
Deal Pending to Reopen Domtar’s Howe Sound Pulp Mill
A deal between BC and Domtar could reopen the Howe Sound pulp mill later this month, pending ratification of a new union agreement, CBC reported.
Weyerhaeuser Explores 7–10 Sites for Wood-to-Biocarbon Facilities
Weyerhaeuser is exploring 7–10 sites for wood-to-biocarbon facilities, including locations near company sawmills and Southern timberlands, Harborwright reported.
US Residential Construction Spending Increases Across All Segments in August
US residential construction spending increased across all sectors in August, led by a 2.5% monthly gain in improvements spending, the Census Bureau and NAHB reported.
US Nonfarm Payroll Increases by 29,000 in September; Unemployment at 4.2%
US nonfarm payroll employment rose by 29,000 in September, while the unemployment rate edged up to 4.2%.
Brazilian Exports of Wood-Based Products Increase in August
Brazilian exports of wood-based products (excluding pulp and paper) totaled $251.2 million in August, up 14% from a year earlier, the ITTO reported.