Global Construction Review is taking a behind-the-scenes look at the “Gaia” project at Singapore’s Nanyang Business School.
Wood Markets News
US National Interagency Fire Center Wildfire Update for the Week Ending October 27th
As of Friday, October 27th, 11 large wildfires have burned more than 122,231 acres in 7 states. Seven new large new wildfires were reported during the week.
BC Announces $300 Million Conservation Financing Program for Old-Growth Forests
BC is accelerating the protection of its old-growth trees while benefiting communities and wildlife by launching a new $300 million (CAD) Conservation Financing Mechanism.
Stora Enso Launches New Planting Model at Its Logging Sites in Finland
Stora Enso has launched a new operating model at its logging sites in Finland to improve the vitality and biodiversity of forests: reducing the density of planted spruce trees.
Uptick in Existing Homes For Sale Provides Home Buyers With Some Much-Needed Good News
Redfin reported that in the four-week period ending October 22nd, new listings of existing homes for sale increased 0.3% year-over-year.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in September
Personal income (PI) increased 0.3% month-over-month in September; disposable personal income (DPI) increased 0.3%; and personal consumption expenditures (PCE) increased 0.7%.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for October
The University of Michigan Index of Consumer Sentiment declined to a reading of 63.8 in October, down from 67.9 in September. This is a month-over-month decline of 6.0%.
Canadian Payroll Employment Data for August
The number of employees receiving pay and benefits from their employer declined by 46,800, or 0.3%, in August, following minimal changes in July.
Mortgage Rates Move Higher for Seventh Consecutive Week
For the week ending October 26th, the 30-year fixed-rate mortgage averaged 7.79%, up from 7.63% a week earlier, Freddie Mac reported.
US Pending Home Sales Up 1.1% Month-Over-Month in September
The National Association of Realtors® Pending Home Sales Index increased 1.1% in September from August to a reading of 72.6.