US homebuilder confidence fell to a seven-year low—not counting the Covid-induced drop in Q2, 2020. In related news, notwithstanding the residential decline: total US construction starts surged in July, Canadian housing starts edged up; and Home Depot reported record Q2 sales. In other Business news: the CP Rail/Kansas City Southern merger received US approval; mass timber gets a training boost in BC, and feature exposés in both Archtectural Record and the Globe & Mail.
In other news: Canada releases Ontario-focused climate change report; Manitoba First Nations secure revenue sharing agreements; SFI applauds passage of the US Inflation Reduction Act; and wildfire updates from Newfoundland; Oregon; California and France.
Finally, congratulations to Wood WORKS BC’s Lynn Embury-Williams, who is retiring after 44 years.
Kelly McCloskey, Tree Frog Editor