The Madison’s Lumber Prices Index for the week ending September 13, 2024 is: US$438 mfbm. This is up +1%, or +$4, from the previous week when it was US$434. This is up +2%, or +$8, from one month ago when it was US$430. For information regarding the construction of this Index (species mix, weighed averages) […]
Statistics Canada: Building Permits, July 2024
Month over month, the total value of building permits in Canada surged 22.1% to $12.4 billion in July, rebounding from two consecutive monthly declines. Both the residential and non-residential sectors expanded in July. On a constant dollar basis (2017=100), the total value of building permits in July was up 22.9% compared with the previous month, while it rose 3.4% […]
Former Oregon Sawmill Revived for Mass Timber Production
Oregon-based Timberlab continues to grow its presence in mass timber manufacturing Timberlab Holdings, Inc. (Timberlab) continues its supply chain vertical integration with the acquisition of a sawmill and planing mill in Philomath, OR. The mills will support Timberlab’s cross-laminated timber (CLT) and glue-laminated timber (glulam) operations. Previously owned by Interfor, the mills ceased production in early 2024. The […]
BID Group Becomes Comact
BID Group, a leader in the wood processing industry for over a century, is proud to announce its new identity as Comact. This transition marks a significant evolution in the company’s journey and reflects its commitment to innovation and excellence. From its origins as an OEM, Comact has been instrumental in transforming the wood processing […]
Freddie Mac: Mortgage Rates Drop to their Lowest Level Since February 2023
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.20 percent. “Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates continue to soften due to incoming […]
Floor & Decor Announces Grand Opening of Bailey’s Crossroads, Virginia Store
Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone and more celebrates its eighth warehouse location in the DMV Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its eighth […]
Canfor Comments on BC Assets
As indicated in its September 4 announcement of the closure of the Plateau and Fort St. John operations, Canfor Corporation remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges accessing economic fibre to support their operations. The Company has received indications […]
PPG Celebrates Start of WorldSkills Lyon 2024 Vocational Skills Event
Supporting future painters with hands-on experiences PPG announced that it is celebrating the start of WorldSkills Lyon 2024, the world’s largest vocational skills competition, which takes place this week at the Eurexpo Lyon in France. As a Gold Sponsor of the event, PPG is providing financial support, expertise, and SEIGNEURIE® paints by PPG for the […]
ECI Software Solutions Appoints Industry Veteran Ray Wizbowski as Chief Marketing Officer
As part of ECI’s senior leadership team, Wizbowski brings extensive experience in building high-performing marketing teams to support ambitious growth goals ECI Software Solutions, a global provider of cloud-based business management software and services, announces the appointment of Ray Wizbowski as Chief Marketing Officer, effective Aug. 1, 2024. With more than 20 years of marketing […]
Champion Homes and Quartz Properties Boosts Asheville Housing Availability with New Community
Champion Homes and Quartz Properties are proud to announce the grand opening of Belle Meadow, a new 90-unit build-to-rent community in Asheville, NC. This development showcases the latest advancements in offsite and modular construction, offering a fresh solution to the region’s housing availability needs. Nestled in the scenic Blue Ridge Mountains, Belle Meadow consists of […]