In the four-week period ending January 7th, US pending home sales posted their smallest year-over-year decline in two years, Redfin reported.
Wood Markets News
BC Completes First Land Transfer to Snuneymuxw First Nation
The parties said they had completed the transfer of 212 hectares (524 acres) of land on Te’tuxwtun, known as Mount Benson East.
Thirty-Year Fixed-Rate Mortgages Creep Higher in the Week Ending January 11th
The 30-year fixed-rate mortgage averaged 6.66%, up from last week when it averaged 6.62%, Freddie Mac reported.
Consumer Price Index Increases 0.3% in December; All-Item Index Up 3.4% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in December on a seasonally adjusted basis, after rising 0.1% in November.
US Weekly Jobless Claims Decline in the Week Ending January 6th
The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending January 6th, a decrease of 1,000.
Hampton Lumber Announces Indefinite Closure of Its Banks, Oregon, Sawmill
Hampton Lumber announced the indefinite closure of its Banks, Oregon, sawmill, where operations have been curtailed since October 2023.
Prince Edward Island Woodlot Owners Exploring Province’s First Carbon Forestry Project
An alliance of Prince Edwards Island woodlot owners aims to begin the province’s first carbon forestry project this year, Canadian Forest Industries and Caitlin Coombes reported.
US Wood Pellet Exports Decline in November
According to the USDA and Biomass Magazine, the US exported 655,649.2 metric tons of wood pellets in November, down from 835,552.7 metric tons in October.
Mortgage Applications Increase in the Week Ending January 5th
Mortgage loan application volume increased 9.9% on a seasonally adjusted basis from one week earlier, according to the MBA.
Saskatchewan’s Peepeekisis Community Hub Features Exposed Mass Timber System
Construction Canada has reviewed the Peepeekisis Community Hub, which features a core design of an exposed mass timber system, strategically chosen to frame the building.