Timberlab and Diversified Wood Resources, doing business as American Laminators, have entered into an agreement for Timberlab to acquire the assets of American Laminators.
Wood Markets News
Canadian Railroad Work Stoppage Unlikely to Occur Within 60 Days
CPKC says it’s unlikely that its engineers, conductors, and rail traffic controllers can strike or be locked out within the next 60 days, Trains reported.
Canadian Housing Starts Decline 1.0% Month-Over-Month in April
The seasonally adjusted annual rate for housing starts in Canada decreased 1.0% in April to 240,229 units, down from 242,267 units in March, CMHC reported.
Investment in Canadian Building Construction Up 4.5% in March
Investment in building construction increased 4.5% month-over-month to $20.4 billion (CAD) in March.
Single-Family Built-For-Rent Starts Expand 20% Year-Over-Year in Q1
There were approximately 18,000 single-family built-for-rent starts during Q1, 20% higher than 2023Q1, the Census Bureau and NAHB reported.
EU Extends Antidumping Tariffs on Imported Birch Plywood From Russia to Kazakhstan and Turkey
The extension follows an investigation which concluded that EU anti-dumping duties on imports of birch plywood from Russia were being circumvented by imports transshipped from Russia to Kazakhstan and Turkey.
Canadian Government Helps Manitoba Purchase Wildfire Suppression Equipment
Manitoba will invest $38.4 million (CAD) over four years to support its efforts to purchase wildland firefighting equipment to enhance provincial readiness.
The Conference Board US Leading Economic Index Continues to Decline in April
The Conference Board Leading Economic Index® decreased by 0.6% to 101.8 (2016=100) in April, following a 0.3% decrease in March.
State-Level Analysis of Construction Sector Employment for April
28 states reported month-over-month employment gains in April, the BLS and NAHB reported.
US Housing Starts and Completions Climb in April, but Permits Decline
Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,360,000, 5.7% above the revised March estimate of 1,287,000.