BC is contributing as much as $6.7 million (CAD) to help Kalesnikoff grow its operations by establishing a new prefabricated mass timber and CLT modular facility.
Wood Markets News
US Apartment Investment Continues to Drop in Q1
According to MSCI Real Capital Analytics, nearly 1,040 apartment properties changed hands at a value of $20.6 billion in Q1.
US National Interagency Fire Center Wildfire Update for Week Ending May 24th
As of Friday, 10 new large wildfires have burned 38,606 acres in 6 states. On Thursday, firefighters contained the Peg Leg and Wolf fires in Arizona.
J.D. Irving’s Dixfield, ME, Sawmill Adds Baled Shavings to Its Value-Added Offerings
J.D. Irving’s Dixfield, Maine, sawmill is enhancing its offerings by introducing baled wood shavings as part of their available value-added products.
Cooper Lumber Acquires Thomasville Lumber
Cooper Lumber has acquired Thomasville Lumber Company and its sawmill in Thomasville, Alabama, Building Projects Digest reported.
US Median Home-Sale Price Hits New High in Four-Week Period Ending May 19th
During the four-week period ending May 19th, the median US home-sale price hit a record $387,600, Redfin reported.
NAHB/Wells Fargo Debut New Cost of Housing Index for Q1
The CHI reveals that a typical family must spend 38% of its income to cover the mortgage payment on a median priced new single-family home.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for May
The University of Michigan Index of Consumer Sentiment declined to 69.1 in May, a month-over-month decline of 10.5% but up 17.1% year-over-year.
US New Residential Single-Family Home Sales Decline in April
New residential single-family home sales for April were at a SAAR of 634,000, 4.7% below the revised March rate.
Oregon Department of Forestry Begins Implementing 20-Year Landscaping Resiliency Strategy
The Oregon Department of Forestry announced that it and its local, state, and federal partners have started implementing the 20-year Landscaping Resiliency Strategy.