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.
Wood Markets News
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.
Mortgage Application Payments Decline Slightly in September
The national medium payment applied for by applications declined from $2,170 in August to $2,155 in September, the Mortgage Bankers Association reported.