Korea Forest Service Deputy Minister Choi Byeong-am wants to see Korea embrace timber as key construction material for the future.
Wood Markets News
Work Stoppage at Port of Montreal Ends with Talks Scheduled to Resume
According to the Canadian Press, the 12-day work stoppage at the Port of Montreal ended on Friday August 21st, with a truce being declared between the longshore workers and the Port Authority.
New Specialty Sawmill Planned for St. Helena Parish Louisiana
St. Helena Parish Louisiana, in the Baton Rouge metro area, has over 200,000 acres of forest land and is about to become home to a new $ 90 million specialty sawmill facility.
F.H. Stoltze Land and Lumber Company Announces Formation of Stoltze Timber Systems Inc.
The oldest family owned lumber company in Montana, F.H. Stoltze Land and Lumber Company has announced that they are joining forces with a group of key partners to form Stoltze Timber Systems, Inc. to build North America’s first mass timber production facility aimed at using small-diameter trees to build large format, cross-laminated timber panels.
Weston Forest to Purchase Monterra Lumber Mills Ltd.
Weston Forest, one of North America’s leading full service distributors and remanufactures of softwood and hardwood lumber and specialty products, located in Mississauga Ontario, has announced an agreement to purchase Bolton, Ontario-based Monterra Lumber Mills Ltd.
An In-depth View of the July Construction Industry Sector Job Data
The National Association of Home Builders has conducted a deeper dive into the Bureau of Labor Statistics nationwide total nonfarm payroll employment for the month of July.
The International Code Council® Has Developed a List of Suggested Remote Virtual Inspection Practices
The COVID-19 pandemic has changed the way builders and contractors are performing their jobsite activities. The same holds true for how cities, counties and states are conducting jobsite inspections.
Single New Family Home Sales Soar in July
The U.S. Census Bureau and U.S. Department of Housing and Urban Development are reporting that according to estimates sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901,000.
U.S. Home Prices Increase in Q2 of 2020
According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI) U.S. house prices rose 5.4% from the second quarter of 2019 to the second quarter of 2020.
S&P CoreLogic Case-Shiller Index Reports Home Prices Gained 4.3% in June
According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, home prices rose annually 4.3% in June, unchanged from the gain seen in May.