In Q3, residential building construction costs increased 1.0%. Non-residential building construction costs were 0.9%.
Wood Markets News
Construction Sector Job Openings and Labor Turnover Survey Results for September
The number of open construction jobs increased from a revised reading of 375,000 in August to 431,000 in September, according to analysis by the NAHB.
Mortgage Applications Decline for Third Consecutive Week in the Week Ending October 27th
Mortgage loan application volume decreased 2.1% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
ADP® Reports Increased Private Sector Employment and Compensation Gains in October
Nonfarm private sector employment increased by 113,000 jobs in October, and annual pay was up 5.7% year-over-year, according to ADP data.
US Job Openings and Labor Turnover Summary for September
As of the last business day in September, the number of job openings was little changed at 9.6 million, and the rate was unchanged at 5.7%.
BC Government Proposes Amendments to Better Protect Communities and Forests
The British Columbia Provincial Government announced plans for policy changes to enable safer, more efficient stewardship of the landscape, including forests.
FHFA House Price Index Increased Month-Over-Month and Year-Over-Year in August
The Federal Housing Finance Agency House Price Index increased 0.6% month-over-month in August, seasonally adjusted. Year-over-year, home prices rose 5.6%.
The Conference Board’s US Consumer Confidence Index Falls for Third Consecutive Month in October
The Conference Board Consumer Confidence Index® declined in October to a reading of 102.6 (1985=100), from an upwardly revised September reading of 104.3.
Winners Announced for the Second Annual Mass Timber Competition
Five winners have been selected in the second annual “Mass Timber Competition: Building to Net-Zero Carbon,” the Softwood Lumber Board announced.
S&P CoreLogic Case-Shiller US Home Price Index Continued to Move Higher in August
The S&P CoreLogic Case-Shiller US National Home Price NSA Index shows 13 of the 20 major metro markets reported month-over-month increases in August.