ThirdGen Timber Group acquired a majority stake in Canadian Timberframes, expanding its capacity across log homes, timber frames, and mass timber construction.
Wood Markets News
Council of the EU Pushes for Full One-Year Delay of EUDR
The Council of the EU approved a mandate to simplify the EUDR and delay its application to December 2026, with extra time for small firms.
US Mortgage Applications Fall in the Week Ending November 14
Mortgage loan application volume fell 5.2% on a seasonally adjusted basis, with refinance and purchase activity both lower, MBA reported.
Investment in Canadian Building Construction Declines in September
Canadian building construction investment fell 1.1% to CA$22.4 billion in September, while overall Q3 investment rose 0.6% to $67.7 billion.
US Builder Confidence for Newly Built Single-Family Homes Increases in November
Builder confidence rose to 38 in November, but sentiment remained in negative territory for the 19th straight month, NAHB reported.
Canadian Housing Starts Drop in October
Canadian housing starts fell 17% in October to 232,765 units (SAAR) as lower activity in Ontario and BC weighed on the total, CMHC reported.
Bergkvist Siljan to Close Sawmill in Mora, Sweden
Bergkvist Siljan will close its Mora sawmill after more than a century of production, citing market pressures and timber shortages, Skogsaktuellt reported.
UK’s National Timber Group Files Notice of Intention to Appoint Administrators
National Timber Group England and its parent company have filed notices of intention to appoint administrators while restructuring and other options are reviewed, TDUK reported.
Mercer Mass Timber Takes Lead Role in Alabama’s Largest Mass Timber Project
Mercer Mass Timber is leading fabrication of the new Cheaha State Park Lodge, expected to be Alabama’s largest mass timber project, the Alabama Political Reporter said.
Fraser Valley Real Estate Board Calls for Faster Prefab Housing Delivery in BC
The Fraser Valley Real Estate Board is calling for harmonized zoning, stronger financing tools, and a provincial procurement roadmap to speed prefab housing delivery across BC, BIV reported.