Prices for inputs to new residential construction—excluding capital investment, labor, and imports—increased 0.5% in February, the BLS and NAHB reported.
Wood Markets News
Ledinek to Provide New CLT Production Line for Facility in Crescent Mills, CA
Ledinek announced that it will supply a CLT production line for a facility in Crescent Mills, California.
Canada Supports New Wood Construction Technologies in BC
Canada announced over CA$1.5 million in federal support for three projects focusing on the advancement of prefabricated wood construction in BC.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for March
The Index of Consumer Sentiment declined to a reading of 57.9 in March—a month-over-month decline of 10.5% and down 27.1% year-over-year.
Modvion Unveils Wooden Wind Turbine Tower for Largest Onshore Turbines
Modvion announced its new wooden wind turbine tower, engineered for the largest onshore wind turbines. The tower has been given third party approval.
EU Proposes Tariffs, Including on Wood Products, in Response to US Tariffs
The European Commission announced that it was imposing tariffs on US imports into the EU in response to new US tariffs on EU steel and aluminum.
Uniboard Invests CA$5.5 Million in Robotic Technology at Its Val-d’Or, QC, Plant
Uniboard is investing CA$5.5 million in an innovative robotic material handling system at its Val-d’Or, Quebec, plant.
US Producer Price Index Increases 3.2% Year-Over-Year in February
On an unadjusted basis, the Producer Price Index (PPI) for final demand increased 3.2% year-over-year.
US Mortgage Rates Creep Higher in the Week Ending March 13
The 30-year fixed-rate mortgage averaged 6.65%, up from last week when it averaged 6.63%, Freddie Mac reported.
Canadian Building Permit Values Decline 3.2% in January
The value of building permits issued in Canada decreased 3.2%, or CA$425.8 million, to $12.8 billion in January.