Wood Markets News

Rental Costs Outpace Those of Home Ownership in 2021

ATTOM Data Solutions, the Irvine, California-based provider of nationwide property data, released on Friday (1-7-22) their Rental Affordability Report (RAR) for 2021. The RAR shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property. Some 58% of the 1,154 U.S. counties analyzed for the report reveal that major home ownership expenses consume a smaller portion of average local wages than renting.

One Equity Partners to Acquire Majority Interest in Rosboro

One Equity Partners, a New York City-based middle market private equity firm, announced today (1-6-22) that it has acquired a majority interest in Rosboro from Wynnchurch Capital. Wynnchurch Capital will remain a significant minority shareholder. Terms of the private purchase were not disclosed. Rosboro is based in Springfield, Oregon and operates captive sawmills and glued laminated timber (glulam) production facilities.

Five-Story Post-and-Beam Terminus at District 56 in Langford, B.C. Completed

The new Terminus at District 56 commercial building located in Langford, B.C. has been completed. The five-story mass timber post-and-beam building includes mass-timber components from Structurlam Mass Timber Corp., in partnership with Design Build Services and Aspect Structural Engineers. Located on Vancouver Island, the new building contains the first buckling-restrained braces housed within a timber frame.