The median US asking rent fell 0.7% year-over-year to $1,595 in November, the lowest level since March 2022, Redfin reported.
Wood Markets News
USNR Expands, Acquiring Sweden’s Sågteknik
USNR recently shared that is has acquired Sågteknik i Södermanland, a sawmill technology company in Sweden.
Mortgage Applications Increase in the Week Ending December 6th
Mortgage loan application volume increased 5.4% on a seasonally adjusted basis from one week earlier, MBA reported.
CN and Unifor Reach Tentative Agreement for 3,300 Employees
CN has reached a tentative agreement with the union representing nearly 3,300 employees working in “mechanical, clerical, and intermodal functions,” CTV News reported.
Mortgage Credit Availability Continues to Tighten in November
The MBA Mortgage Credit Availability Index declined 3.3% to a reading of 95.9 in November.
NFIB Small Business Optimism Index Reaches Highest Level Since June 2021
The NFIB Small Business Optimism Index increased 8.0 points to a reading of 101.7 in November, after remaining below the 50-year average reading of 98 for 34 months.
Timberlab Named Portland Business Journal’s Innovator of the Year
At the Portland Business Journal’s Makers & Manufacturers Awards 2024, Timberlab was named Innovator of the Year, LBM Journal reported.
First Multi-Story Mass Timber Office Building Taking Shape in Oklahoma City
Guernsey recently announced the design and construction of its new headquarters in Oklahoma City’s highly anticipated Alley North development, CityNewsOKC reported.
Southern Pine Lumber Exports Surge in 2024 Despite Quarterly Fluctuations
According to data recently released by the USDA’s Foreign Agricultural Services’ Global Agricultural Trade System, exports of Southern Pine lumber […]
Enviva Exits Chapter 11 Bankruptcy Protection
Enviva announced on Friday, December 6, 2024, that it has successfully emerged from Chapter 11 bankruptcy protection, marking a significant […]