The 30-year fixed-rate mortgage averaged 6.62%, up from last week when it averaged 6.61%, according to Freddie Mac.
Wood Markets News
ADP Reports Increased Private Sector Employment and Compensation Gains in December
Nonfarm private sector employment increased by 164,000 jobs in December and annual pay was up 5.4% year-over-year, according to ADP.
US Weekly Jobless Claims Decline in the Week Ending December 30th
The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending December 30th, a decrease of 18,000 from the previous week.
Private Sector Job Cuts Decline in December
US-based employers announced 34,817 job cuts in December, a 24% decline from November, according to Challenger, Gray & Christmas, Inc.
Fire Reported at Weyerhaeuser’s Plymouth, NC, Sawmill on Tuesday
On Tuesday, firefighters were called to the Weyerhaeuser sawmill in Plymouth, North Carolina, regarding a fire at the facility, WITN reported.
Small Fire Reported at Georgia Pacific’s Mount Jewett, PA, MDF Facility
On Tuesday, a fire was reported in a press area at Georgia Pacific’s MDF facility in Mount Jewett, Pennsylvania, The Bradford Era reported.
Ontario’s AV Terrace Bay Pulp Mill Announces Temporary Shutdown, Citing Poor Market Conditions
Ontario’s AV Terrace Bay, a part of the Aditya Birla Group, is temporarily shutting down its pulp mill due to prevailing market conditions, NetNewsledger reported.
Private Residential Construction Spending Rises Month-Over-Month and Year-Over-Year in November
Private residential construction spending increased 1.1% in November, according to the Census Bureau and NAHB.
Alberta’s Mountain Pine Beetle Population Continues to Steadily Decline
Since reaching its peak in 2019, the mountain pine beetle population in Alberta has declined 98%, according to the provincial government.
Mortgage Applications Decline Over the Holiday Period
For the two-week period ending December 29th, mortgage loan application volume declined 9.4% on a seasonally adjusted basis, according to the Mortgage Bankers Association.