British Columbia’s chief forester on Wednesday (6-26-24), announced the setting of the new allowable annual cut (AAC) level for the […]
Wood Markets News
U.S. Pending Homes Sales Drop 2.1% in May 2024
On Thursday (6-27-24), The National Association of Realtors® (NAR) reported their Pending Homes Sales Index (PHSI) for May 2024. The […]
30-Year Fixed Mortgage Rate Hits Lowest Level in Almost Three Months
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending Thursday, June 27, 2024. The PMMS […]
U.S. Weekly Jobless Claims Inched Lower – in the Week Ending 22 nd June 2024
The U.S. Department of Labor reported on Thursday (6-27-24), its advance figure for seasonally adjusted initial unemployment claims made during […]
U.S. Real GDP in Q1 2024 Increases at an Annual Rate of 1.4% in BEA’s “Third” & Final Estimate
The Bureau of Economic Analysis (BEA) released on Thursday (6-27-24), its “Third” and Final estimate for Q1 of 2024, real […]
Oregon State University Soon to Be Home to First Experimental Lab Made Exclusively of Mass Timber
Portland Oregon-based ZGF Architects and Oregon State University’s College of Forestry are working together to build a $213 million experimental […]
$100 million Expansion Helps Element5 Increase its Footprint
Expansion of the Element5 manufacturing plant at 70 Dennis Road, in St. Thomas, Ontario has firmly established the nine-year-old company […]
Shamco Lumber Completes Expansion of Its Iron River, MI, Sawmill
Iron River, Michigan-based Shamco Lumber Inc. recently hosted a grand opening to showcase the recent expansion and upgrades to their sawmill facility, according to the Iron County Reporter.
New US Residential Single-Family Home Sales Tumble in May
New residential single-family home sales for May were at a SAAR of 619,000, according to estimates. This is 11.3% below the revised April rate of 698,000.
State-Level Analysis of Construction Sector Employment for May
Overall, the construction industry added a net 21,000 jobs in May, and 26 states reported month-over-month employment gains, the BLS and NAHB reported.