The Index of Consumer Sentiment declined to 63.0 in October, down from 68.1 in September. This is a month-over-month decline of 7.5% but up 5.2% year-over-year.
Wood Markets News
Zillow’s Latest Market Report Reveals an Unexpected Slowdown in Sales Activity in September
Zillow Group in its latest Zillow® Market Report reported that US home values took an unexpected slowdown in September, albeit a small one.
Prince Edward Island Announces Funding for Clearing Trees Felled by Hurricane Fiona
PEI announced that funding is now available to assist with clearing hurricane-felled trees on essential forest access roads and on small wood lots that may pose a fire risk.
Mortgage Rates Rise in the Week Ending October 12th—The Fifth Consecutive Increase
The 30-year fixed-rate mortgage averaged 7.57%, up from last week when it averaged 7.49%, according to Freddie Mac.
US Weekly Rail Traffic Up 3% Year-Over-Year in the Week Ending October 7th
The Association of American Railroads reported that total US weekly rail traffic increased 3.0% compared with the same week last year.
Consumer Price Index Increases 0.4% in September; All-Items Index Up 3.7% Year-Over-Year
The Consumer Price Index for All Urban Consumers increased 0.4% in September, on a seasonally adjusted basis, after increasing 0.6% in August.
US Weekly Jobless Claims Unchanged in the Week Ending October 7th
The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending October 7th, unchanged from the previous week.
BC Government Contributing $1.34 Million Toward Woodtone Specialties Expansion
BC announced that it is contributing as much as $1.34 million (CAD) towards Armstrong’s Woodtone Specialties capital expansion.
Canadian Building Permits Increase 3.4% in September
The total monthly value of building permits in Canada increased 3.4% in August to $11.9 billion (CAD). On a constant dollar basis, the value was up 4.3% to $6.9 billion.
Timberlink’s NeXTimber Facility in South Australia Presses Its First CLT Panel
Timberlink’s NeXTimber facility in South Australia has pressed its first CLT panel. The commissioning of the CLT line follows the production of the facility’s first GLT beam in August.