The CPI increased 2.5% year-over-year in July. The increase was at the slowest pace since March 2021 and was down from a 2.7% gain in June.
Wood Markets News
Interfor Completes Sale of Its Philomath, OR, Sawmill to Timberlab
On June 27th, Timberlab completed the purchase from Interfor Corporation of its sawmill and 80-acre property in Philomath, Oregon, The Philomath News reported.
Teamsters Canada Delivers Strike Notice to CPKC; CN Delivers Lockout Notice
Teamsters Canada served a 72-hour strike notice to CPKC, saying it will walk out at 12:01 AM on August 22nd, barring a last-minute agreement, FreightWaves reported.
Investment in Canadian Building Construction Rises in June
Investment in building construction grew 2.8% to $21.4 billion (CAD) in June, following a modest increase of 0.8% in May.
The Conference Board US Leading Economic Index Slows Further in July
The Conference Board Leading Economic Index® fell by 0.6% in July to a reading of 100.4 (2016=100), following a decline of 0.2% in June.
Kalesnikoff Lumber Highlights Move to Mass Timber Manufacturing
Chris Kalesnikoff speaks to the Vancouver Sun about the journey of the Kalesnikoff family to a key player in the mass timber and prefabricated mass timber building industry.
Townhouse Construction Continues to Expand in Q2
Single-family attached starts totaled 42,000 in Q2, 8% higher than 2023Q2, the Census Bureau and NAHB reported.
US National Interagency Fire Center Wildfire Update as of August 19th
As of Monday, 62 large active wildfires are being managed with full suppression strategies nationwide. Current fires have burned 2,237,578 acres.
US Housing Starts, Building Permits, and Completions Fall in July
Housing starts in July were at a seasonally adjusted annual rate of 1,238,000, 6.8% below the revised June rate.
Canadian Labor Minister Rejects CN Request for Intervention in Railroad Labor Dispute
Labor Minister MacKinnon rejected CN’s request to intervene in the ongoing labor dispute between the company and the union representing railway employees, CTV News reported.