Timberlab’s new Resolve GLT uses salvaged glulam panels to wrap structural steel, creating a more continuous wood appearance in mass timber interiors.
Wood Markets News
US Mortgage Application Payment Index Falls in August
The national median mortgage payment fell to $2,162 in August from $2,175 in July, as homebuyer affordability improved again, MBA reported.
European Wood Products Industry Faces Prolonged Headwinds Amid Weak Construction Demand
Europe’s timber industry faces prolonged weak construction demand, industrial recession, and regulatory pressure as companies focus on efficiency and exports.
US National Interagency Fire Center Wildfire Update for September 25
Year-to-date, wildfires have burned nearly 8.6 million acres.
US Existing-Home Prices Rise in August
US home prices rose 0.25% in August on a seasonally adjusted basis and increased 3.7% year-over-year, the fastest annual growth rate in a year, Redfin reported.
Weyerhaeuser Selects Drayton Valley, AB, as Fourth Thrive Community and Commits CA$1 Million
Weyerhaeuser selected Drayton Valley, Alberta, as its fourth Thrive community and committed CA$1 million to support local priorities over several years.
Canadian Payroll Employment Rises in July
Canadian payroll employment rose 0.1%, or 26,100 jobs, in July, while job vacancies were little changed at 501,000.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment fell to 48.1 in September, down 7.0% from August and 12.7% from a year ago.
Charlotte, NC, Breaks Ground on Southeast’s First Mass Timber Firehouse
Charlotte has broken ground on the Southeast’s first mass timber firehouse, a 14,000-square-foot facility, North Carolina Construction News reported.
US 30-Year Mortgage Rate Tops 7%
The 30-year fixed-rate mortgage averaged 7.03%, up from 6.95% the previous week, Freddie Mac reported.