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.
Wood Markets News
FHFA Home Price Index Increases in April
According to the FHFA HPI, US house prices increased 0.2% month-over-month in April, seasonally adjusted. Year-over-year, house prices climbed 6.3%.
S&P CoreLogic Case-Shiller US Home Price Index Reports 6.3% Annual Gain in April
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported an annual gain of 6.3% in April, following a 6.5% gain in March.
US Consumer Confidence Index Declines in June
The Conference Board Consumer Confidence Index® (CCI) declined to a reading of 100.4 (1985=100) in June, down from 101.3 in May.
Share of Mortgage Loans in Forbearance Inches Lower in May
The total number of loans in forbearance as of May 31st was 0.21% of servicers’ portfolio volume, according to the Mortgage Bankers Association.
Canadian Consumer Price Index Inches Higher in May
The Canadian Consumer Price Index (CPI) increased 2.9% year-over-year in May, up from a 2.7% gain in April.
Tafisa Provides Update After Explosion at Its Lac-Mégantic, QC, Particleboard Facility
Due to the explosion at a particleboard line on June 14th at Tafisa’s Lac-Mégantic, Quebec, facility, some customers will be impacted and their orders delayed, Woodworking Network reported.
Biden Administration Advances Restrictions on Logging in Old-Growth Forests
The plan would restrict logging within old-growth forests that are increasingly threatened by climate change, with exceptions that include cutting trees to make forests less susceptible to wildfires, AP reported.
Timberlab’s South Carolina Mass Timber Production Facility Reaches Full Capacity
Timberlab’s facility in Piedmont, South Carolina, has reached full capacity, according to GSA Business Report.
BTG Pactual TIG and Microsoft Execute Largest Known Carbon Credit Deal
Under the terms of the agreement, TIG will provide Microsoft with up to 8 million nature-based carbon removal credits through 2043.