According to the Associated General Contractors of America (AGC) analysis of government data, construction employment decreased in 39 states year-over-year (YOY) between August 2019 and August 2020.
Wood Markets News
United States Appeals World Trade Organizations Ruling on Canadian Lumber Subsidies
The United States announced on Monday, (9/28) that it has appealed a World Trade Organization (WTO) ruling that favored Canada in the longstanding battle over lumber imports, describing the decision as “deeply flawed”.
Homeowners Gain Equity in Q2 of 2020, Despite COVID-19 Pandemic
According to a new report from CoreLogic, Inc., the Irvine California based corporation that provides financial, property, and consumer information analytics and business intelligence, homeowners are gaining wealth during the COVID-19 pandemic.
U.S. Consumer Sentiment Rises to Six-Month High
According to the University of Michigan’s preliminary Sentiment Index for September, U.S. consumer sentiment increased more than expected reaching a six-month high as more Americans were upbeat about the economy’s prospects.
Mission Forest Products to Build New Sawmill in Corinth Mississippi
Mission Forest Products, a subsidiary of Timberland Investment Resources (TIR), has announced their plans to build a sawmill in Corinth, Mississippi, that will bring an estimated 130 jobs by the year 2022.
Florida’s Agriculture Commissioner Urges President to Approve Major Disaster Declaration
Nikki Fried, Florida Agriculture Commissioner, has written a letter to President Trump urging him to approve Florida’s request for a Major Disaster Declaration for North Florida counties impacted by Hurricane Sally.
Construction is Underway in Milwaukee Wisconsin on the World’s Tallest Mass Timber Building
Construction is underway in downtown Milwaukee Wisconsin on the Ascent Building. A 25-story, 284-foot residential complex, constructed from mass timbers. When complete the building will be the tallest wood tower in the world, 4 feet higher than the mixed-used structure built in Brumundal Norway last year.
Study Examines COVID-19 Pandemics Impact on Homeowners Vs. Renters
A recently released report from Clever Real Estate sought to discover the impact of COVID-19 on homeowners vs. renters. The report found that COVID-19 pandemic has and continues to cause housing payment – owned or rented – delinquencies.
Egger’s North America Ramps up their State-of-the-Art Particle Board Plant in Lexington NC
Egger Group, headquartered in Sankt Johanna, Austria, with over 17 production sites in Europe is in the process of bringing their first new, state-of-the-art particle board manufacturing plant with lamination capabilities online in North America in Lexington North Carolina.
FEA’s Weekly Order Survey Participants Report Season Sales Volumes
Dealers who responded to this week’s Builder Activity Survey continue to report that their sales volumes are close to seasonal norms. Participants along the Gulf Coast, who are dealing with flooding rains and in the West where wildfires continue to burn, are somewhat less enthusiastic than participants in other areas of the country.