Private sector employment increased by 42,000 in October, while annual pay rose 4.5% from a year earlier.
Wood Markets News
US Mortgage Applications Fall in the Week Ending October 31
Mortgage loan application volume decreased 1.9% on a seasonally adjusted basis from one week earlier, MBA reported.
Harvard Opens David Rubenstein Treehouse, Its First Mass Timber Building
Harvard University has opened the David Rubenstein Treehouse, its first mass timber building and University-wide conference center.
UK’s Velindre Cancer Center Takes Shape With Timber Frame Completion
The UK’s Velindre Cancer Center reached a key milestone with the installation of its timber frame, a sustainable design centerpiece for the new hospital.
Canadian Sawmill Production and Shipments Fall in August
Canadian sawmill production fell 1.9% in August, while shipments declined 13.5%.
Canadian Building Construction Costs Rise in Q3
Building construction costs in Canada rose 0.6% in Q3 for both residential and nonresidential sectors, amid tariffs, supply-chain issues, and labor shortages.
Washington Reports Large Increase in Dead or Dying Trees
More than 545,000 acres of Washington forests managed by the DNR are dead or dying as drought, storms, and funding cuts compound forest health challenges, KING5 reported.
Brazilian Exports of Wood-Based Products Fall in September
Brazilian exports of wood-based products totaled $217.8 million in September, down 31.0% from a year earlier, the ITTO reported.
Russia’s Sveza Group Expands Shipments Via Northern Sea Route
Sveza increased shipments via the Northern Sea Route by 73% between January and September, integrating the route as a key logistics corridor.
US Housing Market Cools Despite Lower Mortgage Rates
US homes stayed on the market longer in October despite lower mortgage rates, as inventory rose for the 24th straight month, Realtor.com reported.