US home prices rose 1.5% year-over-year in August, down slightly from a 1.6% gain in July.
Wood Markets News
USDA Trade Initiative Supports Southern Pine Export Expansion
USDA’s three-point trade plan supports SFPA goals to expand Southern pine lumber exports, reduce trade barriers, and strengthen rural economies.
US Government Shutdown Weighs on Housing Market and Buyer Confidence
Real Estate News reported that the extended federal shutdown is slowing real estate activity and making buyers more cautious.
US Consumer Confidence Index Declines Slightly in October
The Conference Board Consumer Confidence Index declined to 94.6 in October, down from a revised 95.6 in September, as expectations weakened while current views improved.
US Commercial Mortgage Delinquency Rates Decline in Q3
Delinquency rates for US commercial property mortgages declined in Q3, MBA reported.
Interfor Idles Gogama, ON, Sawmill for Two Weeks
Interfor has idled its Gogama, Ontario, sawmill for two weeks and will partially resume operations on November 3, Sudbury.com reported.
Northern Michigan Timber Supply Drained After Spring Ice Storm
Northern Michigan foresters warn that the 2025 ice storm emptied much of the region’s $2.2 billion timber supply, leaving sawmills short of wood for years to come.
EU Proposes Targeted Simplifications of EUDR for Small Producers
The Commission proposed targeted EUDR simplifications, including one-off declarations for small operators, a single upstream filing, and a phased rollout.
British Columbia Opens Forest Trade Office in London to Expand Global Reach
BC is opening a new forestry sector office in London to expand market access in Europe, the UK, and emerging regions.
Michigan Launches Mass Timber Catalyst Program to Spur Construction Innovation
Michigan launched a new Mass Timber Catalyst Program offering $25,000–75,000 awards and technical support to promote sustainable timber construction.