Redfin reported that during the four-week period ending March 17th, the total number of US homes for sale climbed 5%, the largest year-over-year increase since May 2023.
Wood Markets News
Vancouver Offering Rezoning Incentive to Promote Mass Timber Construction
Vancouver is increasing its commitment to sustainable construction with a new set of incentives aimed at promoting mass timber, Construction Canada reported.
Metsä Group to Construct Demo Plant for Lignin Refining in Connection With Its Äänekoski, Finland, Bioproduct Mill
Metsä Group will construct a demo plant for lignin refining in connection with its Äänekoski, Finland, bioproduct mill. The plant’s daily capacity will be two tons of the lignin product.
State-Level Analysis of Construction Sector Employment for February
31 states reported month-over-month employment gains in February, the BLS and National Association of Home Builders reported.
Stiles Machinery Announces Mass Timber Project With Rosboro for New GLT Plant in Oregon
Stiles Machinery announced that Rosboro has selected HOMAG Group members to deliver mass timber solutions for their new GLT factory in Springfield, Oregon.
Northeast BC to Become Home to World-Scale Industrial Distribution Hub
Buffalo Rail & Infrastructure Corp has acquired Canfor Pulp Products’ recently discontinued pulp mill assets in Taylor, BC.
Latvia’s Stiga RM Plans to Expand Birch Plywood Production at Its Kuldīga Mill
Stiga RM plans to significantly expand its birch plywood mill in Kuldīga this year with an investment of more than 10.5 million euros, LSM reported.
US National Interagency Fire Center Wildfire Update for the Week Ending March 22nd
26 new large wildfires were reported during the week. Currently, there are 18,743 acres actively involved in fires.
Canadians Receiving Employment Insurance Benefits Inches Higher in January
In January, the number of Canadians receiving regular Employment Insurance (EI) benefits was up 0.3%.
Roseburg Announces the Closure of Its Missoula, MT, Particleboard Plant
Roseburg announced that it will permanently cease operations at its Missoula, Montana, particleboard plant on Wednesday, May 22nd.