The prices of inputs into residential construction less energy (i.e., building materials) was unchanged in September (not seasonally adjusted), the NAHB and Census Bureau reported.
Wood Markets News
US Remodeler Sentiment Trends Lower in Q3
The National Association of Builders/Westlake Royal Remodeling Market Index for Q3 declined 3 points to a reading of 65, down from 68 in Q2.
Washington DNR Chief Sees Value of CLT Manufacturing in Reducing Forest Waste
Washington’s Department of Natural Resources (DNR) Chief Hilary Franz toured Mercer’s mass timber facility in the Spokane Valley, Spokane Public Radio reported.
US National Interagency Fire Center Wildfire Update for the Week Ending October 13
As of October 13th, 15 large wildfires have burned more than 283,736 acres in 6 states. Two new large wildfires were reported on Thursday in California.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for October
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.
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.