The Canadian Wood Council unveiled five new Environmental Product Declarations for Canadian softwood lumber, OSB, plywood, trusses, and prefabricated wood I-joists, Daily Commercial News reported.
Wood Markets News
Manufactured Homes Account for 5.4% of US Housing
There are 7.2 million occupied manufactured homes in the U.S. This represents 5.4% of all occupied housing and serves as an important source of affordable housing, particularly for rural and lower-income households.
USDA Announces Reforms to Protect National Forests and Boost Timber Production
The Secretary of Agriculture issued a memo to establish an “Emergency Situation Determination” on 112,646,000 acres of National Forestry System land.
US Wood Pellet Exports Decline in February
The US exported 796,490.2 metric tons of wood pellets in February, down from 825,269.9 metric tons in January, the USDA and Biomass Magazine reported.
US Construction Sector Employment Holds Steady in March
Employment in the construction sector increased by 13,000 in March, following a gain of 14,000 in February, the BLS and NAHB reported.
US Nonfarm Payroll Increases by 228,000 in March; Unemployment Ticks Up to 4.2%
Total nonfarm payroll employment increased by 228,000 in March, higher than the average monthly gain of 158,000 over the prior 12 months.
Canadian Employment Declines and Unemployment Rises in March
Employment declined by 33,000 (0.2%) in March, the first decrease since January 2022.
Canadian Sawmill Production Increases 16.2% in January
Lumber production increased 16.2% in January to 3,871.6 thousand cubic meters. Year-over-year, production was down 3.1%.
Intelligent City Starts Production on 9-Story Mass Timber Building in Toronto
Intelligent City has officially started on the production of a 9-story mass timber residential building in Toronto.
Typical US Homebuyer’s Monthly Payment Hits New Record High for Second Consecutive Week
The typical US homebuyer’s monthly payment hit a record high, reaching $2,802 during the four-week period ending March 30, Redfin reported.