The Canadian Broadcasting Corporation (CBC) has provided an overview of Canada’s unprecedented wildfire season and what it means for the future of the country’s forests.
Wood Markets News
US Existing-Home Sales Recede in September
Total existing-home sales recorded a 2.0% month-over-month decline in September to a seasonally adjusted rate of 3.96 million homes, the National Association of Realtors® reported.
Mortgage Rates Climb in the Week Ending October 19th, Marking Sixth Consecutive Increase
The 30-year fixed-rate mortgage averaged 7.63%, up from last week when it averaged 7.57%, according to Freddie Mac.
Conference Board US Leading Economic Index® Declines Again in September
The Conference Board Leading Economic Index® declined 0.7% in September to a reading of 104.6 (2016=100), after posting a 0.5% drop in August.
US Weekly Jobless Claims Decline in the Week Ending October 14th
The advance figure for seasonally adjusted initial unemployment claims was 198,000 during the week ending October 14th, a decrease of 13,000 from the previous week.
US Housing Starts and Completions Increase While Permits Decline in September
Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,358,000. This is 7.0% above the revised August estimate of 1,269,000.
Oregon Mass Timber Coalition Awarded $41.4 Million Grant to Modernize Oregon’s Forest Products Industry
The Oregon Mass Timber Coalition has been awarded $41.4 million by the US Economic Development Administration to modernize and boost the forest products industry in Oregon.
Multi-Unit Construction Continues to Lift Canadian Housing Starts in September
The trend in housing starts was higher in September, up 3.9% to 254,006 units from August’s 244,511 units, the Canada Mortgage and Housing Corporation reported.
Ledinek Begins Shipping Cutting-Edge Machinery to SmartLam’s New GLT Facility in Dothan, Alabama
Ledinek announced that the initial shipments containing the equipment for SmartLam’s new GLT facility located in Alabama have left Ledinek’s Hoče manufacturing site.
Mortgage Applications Fall to Lowest Level Since 1995 in the Week Ending October 13th
Mortgage loan application volume decreased 6.9% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.