The U.S. Department of Labor reported on Thursday (6-27-24), its advance figure for seasonally adjusted initial unemployment claims made during […]
Wood Markets News
U.S. Real GDP in Q1 2024 Increases at an Annual Rate of 1.4% in BEA’s “Third” & Final Estimate
The Bureau of Economic Analysis (BEA) released on Thursday (6-27-24), its “Third” and Final estimate for Q1 of 2024, real […]
Oregon State University Soon to Be Home to First Experimental Lab Made Exclusively of Mass Timber
Portland Oregon-based ZGF Architects and Oregon State University’s College of Forestry are working together to build a $213 million experimental […]
$100 million Expansion Helps Element5 Increase its Footprint
Expansion of the Element5 manufacturing plant at 70 Dennis Road, in St. Thomas, Ontario has firmly established the nine-year-old company […]
Shamco Lumber Completes Expansion of Its Iron River, MI, Sawmill
Iron River, Michigan-based Shamco Lumber Inc. recently hosted a grand opening to showcase the recent expansion and upgrades to their sawmill facility, according to the Iron County Reporter.
New US Residential Single-Family Home Sales Tumble in May
New residential single-family home sales for May were at a SAAR of 619,000, according to estimates. This is 11.3% below the revised April rate of 698,000.
State-Level Analysis of Construction Sector Employment for May
Overall, the construction industry added a net 21,000 jobs in May, and 26 states reported month-over-month employment gains, the BLS and NAHB reported.
European Wood-Based Panel Production Declined 6.3% in 2023
The European Panel Federation said European wood-based panel production declined by a “disappointing” 6.3% in 2023, Timber Trades Journal reported.
Mortgage Applications Increase in the Week Ending June 21st
Mortgage loan application volume increased 0.8% on a seasonally adjusted basis from one week earlier, MBA reported.
Two New South Australia Colleges to Be Built With Materials From Timberlink’s NeXTimber Facility
The South Australia government has announced that the state’s two new technical colleges will be built with South Australian-sourced timber from Timberlink Australia’s new NeXTimber facility, Australian Rural & Regional News.