Lumber production rose 8.9% month-over-month to 4,352.4 thousand cubic meters in February. Year-over-year, production was up 10.8%.
Wood Markets News
US Court of International Trade Orders Commerce Department to Redo Countervailing Duties on Canadian Lumber
The US Court of International Trade ordered the Department of Commerce to “better explain its refusal to check whether suppliers for investigated companies had received government subsidies,” Woodworking Network reported.
Associated Builders and Contractors Sees Additional Job Growth Potential in Nonresidential Construction in 2024
The Associated Builders and Contractors reviewed the Bureau of Labor Statistics nonfarm payroll report for April.
Sveaskog, Sweden’s Largest Forest Owner, Announces Timber Price Increases
Sweden’s Sveaskog, a state-owned company and the country’s largest forest owner, announced it was raising the price of timber and pulpwood in large parts of the country.
US National Interagency Fire Center Wildfire Update for the Week Ending May 3rd
As of Friday, May 3rd, 8 new large wildfires were reported during the week. Currently, 3 large uncontained wildfires are burning in California, Florida, and Oregon.
US Median Home-Sale Price Up 4.8% Year-Over-Year
The median sale price rose to a near-record $383,188 in the four-week period ending April 28th, up 4.8% year-over-year, Redfin reported.
US Construction Sector Employment Cools in April
Construction sector employment increased by 9,000 jobs in April, following a revised gain of 40,000 in March, the BLS and NAHB reported.
US Wood Pellet Exports Expand in March
The US exported 938,662.3 metric tons of wood pellets in March, up from 696,692.9 metric tons of in February, a Biomass Magazine review USDA data shows.
US Nonfarm Payroll Increases by 175,000 in April; Unemployment Increases to 3.9%
Total nonfarm payroll employment increased by 175,000 in April. This is below the average monthly gain of 242,000 over the prior 12 months.
Canadian GDP by Province, Territory, and Industry in 2023
For the second consecutive year, real GDP grew in every province in Canada, except Newfoundland and Labrador, albeit at a slower pace than 2022 for most areas.