In March, the Canadian Consumer Price Index (CPI) increased 2.9% year-over-year. This follows a 2.8% gain in February.
Wood Markets News
BC Government Continues to Invest in the Forest Sector
BC Premier David Eby said the province is partnering with forestry manufacturers to build a strong forest-product sector through significant capital expansion in their operations.
US Builder Confidence Unchanged in April; Remains Above Breakeven Point
The National Association of Home Builders/Wells Fargo Housing Market Index held steady at a reading of 51 in April.
Sweden’s New Volvo Museum Features Modern Mass Timber Design
Spanning 236,000 square feet, the striking building is supported by 2,300 large wooden beams and 2,700 CLT boards, according to a feature by Forbes.
US National Interagency Fire Center Wildfire Update for the Week Ending April 12th
Year-to-date through April 12th, 9,458 wildfires were reported, and they have burned 1,754,439 acres.
Reduced Black Hill National Forest Timber Sales Lead Nieman Enterprises to Cut Production and Headcount at Its Spearfish, SD, Sawmill
Nieman Enterprises plans to reduce production and the headcount at Spearfish Forest Products, South Dakota Public Broadcasting reported.
US Residential Building Materials Costs Continue to Climb in March
The prices of goods used in residential construction, less energy, increased for the fifth consecutive month in March, the BLS and NAHB reported.
Canadian Existing-Home Sales Inch Higher Month-Over-Month in March
CREA reported that home sales recorded over Canadian MLS® Systems inched 0.5% higher month-over-month.
Hybrid Mass Timber High-Rises Now Nearly as Cost-Effective as Concrete, Study Says
Building a hybrid mass timber high-rise is now nearly as cost-effective as comparable concrete tower, according to a study by PCL Construction, DCI Engineers, and Weber Thompson.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined 1.9% month-over-month but rose 22.3% year-over-year in April.