Katerra, has become North America’s only end-to-end supplier of mass timber.
Wood Markets News
J.D. Irving Completes $1.8 million Energy Efficient Investment at Ashland Maine Facility
In a news release, J.D. Irving is reporting that their sawmill in Ashland, Maine has recently completed a $ 1.8 million dollar energy efficient investment, which includes an upgrade to the boilers and an additional control room.
Construction Output in Second Quarter of 2020 Significantly Slows Due to COVID-19 Pandemic
According to The Associated Builders and Contractors (ABC), Chief Economist Anirban Baus, the “ABC’s Construction Confidence Index indicated that a majority of contractors suffered some form of interruption to their activities during the second quarter of 2020, whether due to a lack of available inputs as global supply chains buckled, project postponements or cancellations, jobsite workforce issues or state and local government mandates.”
Construction Spending Down Slightly in June but Up 5% in First 6-Months of 2020 When Compared to Same Period in 2019.
The U.S. Census Bureau has announced that construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, -0.7% below the revised May estimate of $1,364.7 billion.
C&C Wood Products and Westside Logging in Quesnel Has New Ownership
After filing for bankruptcy on June 2, 2020, the fate of C&C Wood Products and Westside Logging in Quesnel was in doubt. There will be new owners as of August 4th, 2020.
Wisconsin Rapids Papermill Hoping to Find New Life
For over a hundred years the paper plant in Wisconsin Rapids, Wisconsin, has been taking energy from the Wisconsin River and combining it with wood pulp turning it into the glossy paper used by U.S. magazines and for high end advertisements.
Darrington Washington Soon to be Home of The Darrington Wood Innovation Center
The small town of Darrington Washington, is soon to be home to the Darrington Wood Innovation Center. The Center will house and attract new wood fiber-based innovation and manufacturing companies.
Housing Remains Bright Spot in U.S. Economy
As the overall U.S. economy struggles to get back on track, the housing industry is in position to lead the economic recovery.
Personal and Disposable Income Decrease in June
The U.S. Commerce Department \ Bureau of Economic Analysis (BEA) is reporting that personal income in June decreased by $222.8 billion or -1.1%.
FEA’s Weekly Orders Survey – Dealers Remain Optimistic About Near-Term Business Activity
Additional positive news coming from the housing industry this week, combined with continuing near record low mortgage rates, and an increase in the number of buyers who are actively pursuing the purchase of a new or existing home, provided dealers responding to our Weekly Orders Survey more reasons to remain optimistic about their near-term business activity.