This year’s competition will award funds totaling $1.8 million to support projects that accelerate the pace of mass timber adoption in the United States, specifically in the K-12 learning environment.
Wood Markets News
US National Interagency Fire Center Wildfire Update as of October 28th
As of Monday, wildland fire activity continues in 9 states where 11 large active wildfires have burned 1,073,226 acres.
Paper Excellence Group Rebrands as Domtar
Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business.
Norra Timber Announces New Investments in Its Hissmofors, Sweden, Sawmill
Norra Timber continues to invest in its sawmill in Hissmofors, Sweden, with up to SEK 150 million (US$14.12 million) being spent in three separate stages.
Canadian New Housing Price Index Unchanged for Second Consecutive Month in September
Nationally, the index rose 0.2% year-over-year in September compared with an annual decline of 1.0% in September 2023.
US Forest Service Announces Grant Opportunities to Strengthen Forest Products Economy and Jobs
The Forest Service announced that it is making up to $34 million in funding available to support innovation and jobs in the forestry sector while supporting healthy forest landscapes.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for October
The University of Michigan Index of Consumer Sentiment increased 0.6% to a reading of 70.5 in October.
US New Residential Single-Family Home Sales Increase 4.1% in September
New residential single-family home sales for September were at a seasonally adjusted annual rate of 738,000, 4.1% above the revised August rate.
US Mortgage Rates Move Higher for the Fourth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.54%, up from last week when it averaged 6.44%, Freddie Mac reported.
Canadian Rail Traffic Falls in August, Negatively Impacted by Work Stoppage
Canadian railways transported 27.8 million tons of freight in August, down 10.9% year-over-year.