Ontario intends to amend its building code to permit mass timber construction up to 18 stories, an increase from the current 12 stories, the Daily Commercial News reported.
Wood Markets News
US Wood Pellet Exports Decline Month-Over-Month but Increase Year-Over-Year in February
The US exported 696,692.9 metric tons of wood pellets in February, down from 742,824.6 metric tons in January, Biomass Magazine and the USDA reported.
US Construction Sector Employment Posts Solid Gains in March
Employment in construction increased by 39,000 in March, following an upwardly revised gain of 26,000 in February, the Census Bureau and NAHB reported.
China’s Real Estate Troubles Likely Far From Over, Global Investment Firm KKR Says
China’s real estate troubles are likely far from over, according to a report by KKR featured by CNBC.
US Nonfarm Payroll Increases by 303,000 in March; Unemployment Declines to 3.8%
Nonfarm payroll employment increased by 303,000 in March, above the average monthly gain of 231,000 over the prior 12 months.
US National Interagency Fire Center Wildfire Update for the Week Ending April 5th
As of Friday, April 5th, 3 uncontained large fires are burning in Alabama, Missouri, and Florida.
Canadian Employment Holds Steady in March; Unemployment Moves Higher
Employment was virtually unchanged in March. The unemployment rate increased 0.3 percentage point to 6.1%.
AHF Products to Purchase Two West Virginia Sawmills From Allegheny Wood Products
A US District Court approved the sale of two sawmills formerly owned by Allegheny Wood Products (AWP) to AHF Products, a Pennsylvania flooring company, West Virginia Public Broadcasted reported.
Stora Enso Restarts Varkaus and Oulu Pulp and Paper Mills After Finnish Logistics Sector Strike is Suspended
Stora Enso confirmed to EUWID Pulp and Paper that it had restarted its Varkaus mill earlier this week. The mill was idled due to the strikes in the Finnish logistics sector.
30-Year Fixed-Rate Mortgages Inch Higher in the Week Ending April 4th
The 30-year fixed-rate mortgage averaged 6.82%, up from last week when it averaged 6.79%, Freddie Mac reported.