Private residential construction spending increased 1.5% in October, the Census Bureau and NAHB reported.
Wood Markets News
US Construction Spending Increases 0.4% in October
Total construction spending during October was estimated at a seasonally adjusted rate of $2,174.0 billion, 0.4% above the revised September estimate.
Greystar Debuts Its First Modular US Apartment Project in Coraopolis, PA
Greystar is preparing to open its first multifamily project built with modular structural pieces completed in its Pennsylvania-based factory, CoStar News reported.
Carbon RX Announces Partnership With the Pimicikamak Cree Nation
Carbon RX is partnering with the Pimicikamak Cree Nation to assist in forest management and preservation of 3 million acres of First Nation lands in Manitoba.
UPM Fibres Completes Change Negotiations in Finland
UPM Fibres has completed its change negotiations in the Fibres Finland Operations organization, including the UPM Pulp, UPM Timber, and UPM Forest organizations.
Brazilian Exports of Wood-Based Products Increase Year-Over-Year in October
Brazilian exports of wood-based products (except pulp and paper) in October increased 20.0% in value compared to October 2023, the ITTO reported.
San Group’s Facilities in Port Alberni, BC, Running Intermittently Due to Log Shortage
The San Group’s mills and remanufacturing plant in Port Alberni are running only intermittently after a curtailment began in October, the Times Colonist reported.
New River Farms Sawmill in Danese, WV, Fills Regional Needs
The New River Farms Sawmill opened July 19th, offering various boards and beams up to 25 feet in length to the customer’s specifications, the West Virginia Press Association reported.
CN Rail Mechanics and Clerks Vote to Approve Strike Mandate
CN mechanics and clerks voted in favor of a strike mandate that could see workers walk off the job as early as January 1st, CBC reported.
US Pending Homes Sales Increase 2.0% in October
The NAR Pending Homes Sales Index increased 2.0% month-over-month to a reading of 77.4 in October. Year-over-year, pending homes sales were up 5.4%.