Single-family construction declined across all US geographies in Q1, while multifamily construction grew in most markets, NAHB reported.
Wood Markets News
US Existing-Home Mortgage Payments Post First Year-Over-Year Increase Since October 2025
The median monthly existing US home mortgage payment rose 1.4% year-over-year to $2,633, while the median sale price hit a record $408,838.
US Construction Employment Climbs in June
US construction employment rose by 11,000 in June, but residential construction lost 8,600 jobs, the BLS and NAHB reported.
Google Reuses WWII-Era Hangar Timber for Oregon Mass Timber Office Prototype
Google is reusing about 66,000 board feet of Douglas fir from a WWII-era airship hangar for a mass timber office prototype in Oregon.
Canfor’s Closed Plateau Sawmill in BC Sold to Four First Nations
Canfor’s former Plateau sawmill in Vanderhoof, BC, was sold to four First Nations, which plan to convert the site for industrial use.
New Forests Acquires 44,200 Acres of Washington Timberland
New Forests acquired 44,200 acres of forestry assets in Washington State from Campbell Global, expanding its US footprint.
Gresham House Completes Majority Acquisition of Molpus Woodlands Group
Gresham House completed its majority acquisition of Molpus Woodlands Group, creating a global timberland platform with about $8 billion in forestry assets.
HS Timber Group Completes Acquisition of Swedish Sawmill Malå Såg
HS Timber Group completed its acquisition of Swedish sawmill Malå Såg AB, expanding its presence in Northern Europe.
Brazilian Exports of Wood-Based Products Fall in May
Brazilian exports of wood-based products totaled $284.8 million in May, down 3.5% from a year earlier, ITTO reported.
Arauco MDF Plant in Arkansas Hit by Dust Explosion and Fire
A dust explosion at Arauco’s Malvern, Arkansas, MDF plant sparked a fire on Saturday, drawing about 30 firefighters, the Malvern Daily Record reported.