Job vacancies declined 5.5% in Q3, representing 31,900 fewer positions and bringing the total to 546,100 open roles. This marks the ninth consecutive quarterly decline.
Wood Markets News
Asking Rents for Newly Completed US Apartments Move Higher in Q3
Asking rents for newly constructed apartments rose 1.5% in Q3—the biggest year-over-year increase in 18 months—to a median $1,802, Redfin reported.
New Forestry Activity Could Inject €27 Million Into Rural Ireland’s Economy in 2025
An expected increase in new forestry activity in Ireland could inject more than €27 million (US$28.39 million) into the rural economy next year, the Irish Independent reported.
Maine’s PAL Build Rebrands as NotchSB With Eye on Mass Timber
PAL Build, a mass timber design-build company specializing in panelized CLT and high-performance wood building envelope construction, is now operating under the name NotchSB, Mainebiz reported.
Drax Partners With Pathway Energy to Supply Biomass Pellets for New Gulf Coast SAF Plant
Drax and Pathway have reached a deal that could see Drax supply over 1 million tons of pellets each year to Pathway’s proposed SAF plant on the US Gulf Coast.
Sveaskog Sells Its 50% Share in Setra Group to Mellanskog
Sveaskog and Mellanskog announced that they have signed a letter of intent regarding the sale of Sveaskog’s holding in Setra Group to Mellanskog.
Machinery Failure Forces Greenply Industries to Pause Production at Its Gujarat, India, MDF Plant
Greenply Industries announced a temporary shutdown of manufacturing operations at the MDF plant of its wholly owned subsidiary, Greenply Specialty Panels Private, CNBC-TV18 reported.
Higher Lumber Prices Push Up Building Materials Costs for New Homes in November
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were unchanged in November, the BLS and NAHB reported.
Lower Mortgage Rates Drive Increased Market Activity Among Potential Buyers
Requests for home tours, mortgage applications, and pending sales are rising as mortgage rates decline from their four-month high in November, Redfin reported.
Canadian Building Permits Decline 3.1% in October
The total value of building permits issued in October decreased 3.1% to C$12.6 billion. Despite the decline, the value remained the fourth highest in the series.