CPKC railroad announced that United Steelworkers, representing approximately 600 clerical and intermodal employees in Canada, has ratified a new four-year agreement.
Wood Markets News
State-Level Construction Employment Data for January
Overall, the construction industry added a net 2,000 jobs in January, the BLS and NAHB reported. Employment increased in 23 states.
Canadian CPI Increases 2.6% Year-Over-Year in February
The Consumer Price Index rose 1.1% in February. Year-over-year, the CPI increased 2.6%, following a 1.9% increase in January.
US Builder Confidence Declines for Second Consecutive Month in March
The NAHB/Wells Fargo Housing Market Index fell to a reading of 39 in March, down 3 points in February and the lowest level in 7 months.
Nonresidential Construction Materials Costs Increase 0.6% in February
Nonresidential construction input prices increased 0.6% during February, the BLS and ABC reported. Overall construction input prices were 0.3% higher than one year ago.
Investment in Canadian Building Construction Increases 1.8% in January
Investment in Canadian building construction increased 1.8%, or CA$393.7 million, to $22.1 billion in January.
Canadian Existing-Home Sales Drop as Tariff Uncertainties Keep Potential Buyers Sidelined
Existing-home sales activity declined 9.8% in February, the largest month-over-month decline in activity since May 2022, CREA reported.
US National Interagency Fire Center Wildfire Update as of March 14
The US National Interagency Fire Center reported that 11 new large wildfires were reported in the week ending March 14.
New National Forestry Headquarters in Czech Republic Designed With Mass Timber
CHYBIK + KRISTOF is advancing timber architecture in Central Europe with its latest project, the new headquarters for Czech National Forestry, according to a feature by designbloom.
Higher Softwood Lumber Prices Continue to Impact Cost of US Residential Building Materials
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—increased 0.5% in February, the BLS and NAHB reported.