The Index of Consumer Sentiment fell to 47.8 in September, down 7.5% from August and 13.2% year-over-year.
Wood Markets News
Interfor’s Elk Lake, ON, Sawmill to Receive CA$9.6 Million for Biomass Energy System
Interfor’s Elk Lake sawmill will receive CA$9.6 million for a biomass energy system expected to boost production 27% and reduce natural gas use 80%, The Hamilton Spectator reported.
US Existing-Home Sales Fall for Third Consecutive Month in August
Existing-home sales fell 2.0% in August to a seasonally adjusted annual rate of 3.98 million, NAR reported.
US Producer Price Index for Final Demand Increases 0.4% in August
US producer prices rose 0.4% in August, driven by a 1.1% increase in final demand goods. Year-over-year, prices increased 5.4%.
US Mortgage Rates Continue to Climb in the Week Ending September 10
The 30-year fixed-rate mortgage averaged 6.76%, up from 6.71% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Trend Lower in the Week Ending September 5
The advance figure for seasonally adjusted initial unemployment claims was 206,000, a decrease of 1,000 from the previous week.
US Existing-Home Listings Rise to Four-Year High in August
US home listings rose 2.6% in August to their highest level in more than four years, while pending sales were nearly flat, Redfin reported.
US Mortgage Applications Fall in the Week Ending September 4
Mortgage loan application volume decreased 2.7% on a seasonally adjusted basis from one week earlier, MBA reported.
Australia Announces AU$150 Million Investment in Forest Sector Growth
Australia announced AU$150 million for forestry processing, innovation, workforce development, plantations, and timber import compliance.
Australia Braces for Elevated Wildfire Risk During El Nino Summer
Australian firefighters are preparing for elevated wildfire risk as a strong El Nino brings hotter, drier conditions ahead of the summer fire season, Reuters reported.