Woodworking Industry News

Residential building material prices rise at highest rate in over three years

Wholesale prices of goods used in residential construction rose in May as energy prices continued to climb. In May, residential building material prices, excluding energy, rose at their highest yearly rate since January 2023, as prices were up 4.4% from a year ago and up 0.7% over the month. Meanwhile, prices for services rose 4.7% over the year, but were unchanged from the previous month.

Woodworking Industry News

Residential building material prices rise at highest rate in over three years

Wholesale prices of goods used in residential construction rose in May as energy prices continued to climb. In May, residential building material prices, excluding energy, rose at their highest yearly rate since January 2023, as prices were up 4.4% from a year ago and up 0.7% over the month. Meanwhile, prices for services rose 4.7% over the year, but were unchanged from the previous month.

Woodworking Industry News

California launches Mass Timber Coalition

The State of California announced the formation of the state’s first California Mass Timber Coalition, a new public-private partnership designed to accelerate the adoption of mass timber construction, drive forest health and wildfire mitigation efforts, and accelerate economic development across the state’s rural and urban communities.