Construction job openings fell to 188,000 in August, down 115,000 from July and the lowest level in nearly a decade, the BLS and ABC reported.
Wood Markets News
Södra Restructures Operations and Eliminates 200 Positions
Södra launched an action program to strengthen profitability and long-term competitiveness, including 200 job cuts and a renewed focus on cost control and digitalization.
US Home Purchase Cancellations Reach Highest August Level Since 2017
About 15.1% of US home-purchase contracts were canceled in August, the highest August rate since 2017, Redfin reported.
GreenFirst Forest Products to Restart Three Ontario Sawmills
GreenFirst Forest Products will restart its Kapuskasing, Hearst, and Cochrane sawmills during the week of October 6 amid progress in talks to stabilize Ontario’s forest sector.
Molpus Woodlands Group Acquires 173,000 Acres of Timberland in the US South
Molpus Woodlands Group acquired 173,000 acres of high-quality, well-managed forests in Alabama, Louisiana, and Mississippi.
Construction Time for US Multifamily Buildings Edged Lower in 2024
Multifamily construction took an average of 19.6 months from permit to completion in 2024, 0.3 months shorter than a year earlier, the Census Bureau and NAHB reported.
Union Pacific Locomotive Engineers Ratify Five-Year Contract
Union Pacific locomotive engineers ratified a new five-year contract providing wage increases and improved benefits, Reuters reported.
Final Wooden Beam Lifted Into Place on Vancouver’s Freedom Mobile Arch
The final beam has been lifted onto Vancouver’s Freedom Mobile Arch, completing one of the world’s largest free-span mass timber structures, Ontario Construction News reported.
Plans for One Sky Forest Products OSB Mill in Prince Albert Face Delays but Remain Active
One Sky Forest Products’ OSB mill project in Prince Albert remains active despite market uncertainty, paNOW reported.
Canadian Lumber Production and Shipments Fall in July
Canadian sawmill production fell 4.1% in July, while shipments declined 4.3%.