The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in September, down from a 4.3% increase in August.
Wood Markets News
Ziegler Holding, Owner of One of Europe’s Largest Sawmills, Declares Insolvency
The owner of one of Europe’s largest sawmills filed for insolvency in German court last Wednesday, BR24 reported.
US Consumer Confidence Index Continues to Improve in November
The Conference Board Consumer Confidence Index® increased to a reading of 111.7 (1985=100) in November, up 2.1 points from 109.6 in October.
Mortgage Application Payments Jump in October
MBA’s national Purchase Applications Payment Index climbed 2.8% to a reading of 162.3 in October, up from 157.9 in September.
Investor Home Purchases Return to Pre-Pandemic Level in Q3
Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.
US National Interagency Fire Center Wildfire Update as of November 22nd
As of Friday, November 22nd, wildland fire activity continues in 2 states where 5 large active wildfires have burned 144,141 acres.
Google Unveils New Mass Timber Office in Sunnyvale, CA
Google unveiled its first office building made using mass timber.
Irving Tissue Announces $600 Million Expansion of Its Macon, GA, Facility
While celebrating its fifth anniversary of Irving Tissue in Macon, Georgia, company President Robert K. Irving unveiled its latest expansion project.
Quebec to Invest $252 Million to Support Province’s Forestry Sector
Québec announced additional investments of $252 million (CAD) over five years that will enable initiatives worth $540 million over the next seven years.