Single-family attached starts totaled 43,000 units in Q3, 16% higher than 2022Q3, according to the Census Bureau and NAHB.
Wood Markets News
Canadian Unemployment Holds Steady at 5.5% in September
The unemployment rate was unchanged in September, holding at 5.5% for the third month in a row. This follows an increase of 0.5 percentage points from April to July.
Mortgage Applications for New Home Purchases Up Month-Over-Month and Year-Over-Year in October
Mortgage applications for new home purchases increased 6.0% month-over-month and 39.7% year-over-year, the Mortgage Bankers Association reported.
US Builder Confidence Moves Lower for Fourth Consecutive Month in November
The NAHB/Wells Fargo Housing Market Index reported that builder sentiment in the market for newly built single-family homes declined 6 points to a reading of 34 in November.
Canada-Based StructureCraft Awarded 2023 Supreme Award for Structural Engineering Excellence
The Institution of Structural Engineers awarded the 2023 Supreme Award for Structural Engineering Excellence to StructureCraft for its work on the Nancy Pauw Bridge in Alberta, Construction Canada reported.
Mortgage Rates Move Lower for Third Consecutive Week
The 30-year fixed-rate mortgage averaged 7.44%, down from last week when it averaged 7.50%, Freddie Mac reported.
US Weekly Jobless Claims Trek Higher in the Week Ending November 11th
The advance figure for seasonally adjusted initial unemployment claims was 231,000 during the week ending November 11th, an increase of 13,000 from the previous week.
US Building Materials Costs in Residential Construction Inch Lower in October
The prices of good used in residential construction, less energy, fell 0.1% in October, not seasonally adjusted, according to the BLS and NAHB.
Oregon’s Landmark Western State Forest Habitat Conservation Plan Stalls as Stakeholders Seek Greater Input
Attempts to wrap up Oregon’s Western State Forest Habitat Conservation Plan by officials are being met by stakeholders who are issuing new demands that could delay the plan into 2025, according to the Oregon Capital Chronicle.
Canadian Home Sales Fall Month-Over-Month in October, but Remain Slightly Higher Year-Over-Year
Home sales recorded over Canadian MLS® Systems declined 5.6% between September and October, the Canadian Real Estate Association reported.