Sterling Solutions has introduced TerraCross, a temporary bridge made with CLT panels and steel.
Wood Markets News
US Weekly Initial Jobless Claims Decline in the Week Ending May 3
The advance figure for seasonally adjusted initial unemployment claims was 228,000, a decrease of 13,000 from the previous week’s unrevised total.
Fannie Mae Home Purchase Sentiment Index Rises in April
The Fannie Mae Home Purchase Sentiment Index increased 1.1 points to a reading of 69.2 in April.
Federal Reserve Holds Interest Rates Steady
The US Federal Reserve decided to hold its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact, CNBC reported.
Mortgage Applications Climb in the Week Ending May 2
Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
Oregon Legislature Advances New Lumber Grading Certification Program
The bill would establish a program that allowing individuals who complete a one-day training course to become certified to grade lumber, HBS Dealer reported.
Scotland Opens Advanced Timber Frame Construction Facility
Operated by Alexander Timber Design, the £18 million (US$23.9 million) facility brings Glennon Brothers’ total investment in Scotland to more than €80 million (US$106.3 million).
FEA: Clarification on Timing of New US Duties on Canadian Softwood Lumber
FEA’s Paul Jannke offers clarifications around the timing of the US Department of Commerce’s final determinations for the new Canadian softwood lumber duties.
USDA to Invest $23 Million to Boost Timber Production and Reduce Wildfire Risk
The USDA announced $23 million in grants to support transporting hazardous fuels—such as dead or downed trees—from national forests to processing facilities.
US New-Home Prices Fall in Q1 While Existing-Home Prices Rise
The median price for a new single-family home sold in Q1 was $416,900, according to the Census Bureau, NAR, and NAHB.