US real GDP grew at an annual rate of 4.4% in 2025Q3, a 0.1 percentage point upward revision from the prior estimate, the BEA reported.
Wood Markets News
US Mortgage Rates Inch Higher in the Week Ending January 22
The 30-year fixed-rate mortgage averaged 6.09%, up from 6.06% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Increase in the Week Ending January 17
The advance figure for seasonally adjusted initial unemployment claims was 200,000, an increase of 1,000 from the previous week.
US Construction Spending Edges Higher in October
Total construction spending edged up 0.5% in October 2025 but was down 1.0% from a year earlier. Residential construction rose 1.3%.
US Pending Home Sales Decline in December
Pending home sales fell 9.3% and were down 3.0% year-over-year in December 2025, NAR reported.
BC Postpones Introduction of Heritage Conservation Act Amendments
BC has postponed planned amendments to the Heritage Conservation Act, citing the need for further engagement with industry, First Nations, and local governments.
US Multifamily Built-for-Rent Housing Starts Increase in Q3
Built-for-rent units totaled 114,000 of 119,000 multifamily housing starts in 2025Q3, representing 95% of the market, the Census Bureau and NAHB reported.
Mortgage Applications Increase in the Week Ending January 16
Mortgage loan application volume increased 14.1% on a seasonally adjusted basis from one week earlier, MBA reported.
US Pending Home Sales Fall Sharply in December as Contract Cancellations Spike
US pending home sales fell 5.9% in December 2025, marking the weakest level outside April 2020, as contract cancellations hit a record for December, Redfin reported.
BC Court Nullifies Skeena Sawmills Forest License Transfer
A BC Supreme Court judge set aside approval of a Skeena Sawmills forest license transfer, citing failures to consult the Gitanyow First Nation, the Prince George Citizen reported.