The NAHB/Wells Fargo Housing Market Index reported that builder sentiment in the market for newly built single-family homes fell 2 points from May to a reading of 43 in June.
Wood Markets News
BC Announces New Conservation Area for Vancouver Island in Clayoquot Sound
The BC government, in partnership with the with Ahousaht and Tla-o-qui-aht First Nations, announced 10 new conservancies on Vancouver Inland in Clayoquot Sound.
US Softwood Export Council Receives New FAS Funding to Expand Markets, Complete Life Cycle Analyses
The Softwood Export Council announced new funding from the USDA, which it will use to develop opportunities in Vietnam and India and complete Life Cycle Assessments for softwood products.
US-Based Carbon Sequestration Firm Running Tide to Shutdown Global Operations
US-based carbon sequestration firm Running Tide recently announced it will be shutting down its global operations, Iceland Review reported.
US Existing-Home Prices Increase at a Slower Monthly Pace in May
US existing-home prices rose 0.3% month-over-month in May—the smallest increase on a seasonally adjusted basis since January 2023—Redfin reported.
EU Countries Approve Nature Restoration Plan
On Monday, European Union countries gave final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc, ABC News reported.
US Logger Survey Identifies Industry’s Headwinds
The July-August issue of Timber Harvesting includes its recent 2024 Logger Survey, which showed that logging contractors across the country are struggling with rising costs and declining demand.
US Commercial/Multifamily Mortgage Debt Outstanding Increases to $40.1 Billion in Q1
The level of commercial/multifamily debt outstanding increased 0.9% to $40.1 billion in Q1, MBA reported.
Canadian Job Vacancies Decline in Q1
Job vacancies declined 3.6%, or 24,300, to 648,600 in Q1. This marks the seventh consecutive quarterly decline.
Metsä Group and ANDRITZ Consider Building a Carbon Capture Facility in Connection With a Bioproduct Mill
Metsä Group and the technology company ANDRITZ will jointly investigate the possibility of building a carbon capture facility in connection with the bioproduct mill.