The University of Arkansas received a $300,000 grant from the Forest Service to develop innovative wood products, Arkansas Money & Politics reported.
Wood Markets News
Unifor Members at Canadian Pacific Kansas City Railway Authorize a Strike
Unifor members of Local 101R at CPKC have voted overwhelmingly in favor of strike action, the union announced.
Canadian Sawmill Production Increases 7.6% in October
Lumber production increased 7.6% to 4,251.3 thousand cubic meters in October. However, year-over-year, production was down 5.2%.
US Residential Construction Inputs Price Growth Moderates in 2024
The price of goods used in residential construction grew 1.7% in 2024, slightly higher than the 1.0% growth in 2023, the BLS and NAHB reported.
US Producer Price Index for Final Demand Increases in December
The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.2% in December, following an increase of 0.4% in November.
Fannie Mae Home Price Index Rises 5.8% Year-Over-Year in Q4
The Fannie Mae Home Price Index increased 5.8% year-over-year in Q4, an acceleration from the previous quarter’s revised annual growth of 5.4%.
NFIB Small Business Optimism Index Reaches Highest Level Since October 2018
The NFIB Small Business Optimism Index increased 3.4 points to a reading of 105.1, the highest reading since October 2018.
Interfor Completes Sale of Its Québec Operations
Interfor has completed the previously announced divestiture of its operations in Québec, Canada, to Les Chantiers de Chibougamau Ltée.
US Construction Employment Increases in December
Employment in the construction sector increased by 8,000 jobs in December, following a matching gain in November, the BLS and NAHB reported.
UK Timber Import Volumes Rise 15% in October, TDUK Reports
UK timber and panel product imports were much higher in October, resulting in an overall 15% uplift in imports, TDUK reported.