Bloomberg discusses forest health and mass timber in a segment on the global rise of mass timber as a low carbon building material.
Wood Markets News
Mortgage Applications Continue to Decline in the Week Ending October 23rd
Mortgage loan application volume decreased 1.0% on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association reported.
Four First Nations of the Nanwakolas Council and Western Forest Products Announce New BC Forestry Agreement
Four First Nations and Western agreed for the Nations to acquire a 34% interest from Western in a newly formed limited partnership for $35.9 million (CAD).
Highland Grenada to Build Wood Pellet Facility in Grenada, Mississippi
Highland Grenada LLC has announced its acquisition of a 144-acre former Georgia-Pacific OSB mill site in Grenada, Mississippi, SuperTalk Mississippi Media reported.
High Interest Rates Not Deterring Americans’ Pursuit of Home Ownership
The share of adults with plans to purchase a home increased to 17% in Q3, up from 15% in Q2, according to the National Association of Home Builders.
New Home Prices in Canada Drift Lower in September
The national index for new home prices in Canada declined 0.2% month-over-month in September. Year-over-year, Canadian new home prices declined 1.0%.
Michigan Department of Natural Resources to Build New Customer Service Center Using Mass Timber
The Michigan Department of Natural Resources (DNR) will construct a new customer service center in Newberry, Michigan, The Newberry News reported.
Paper Excellence Extends Crofton Paper Curtailment Through November
On Friday, Paper Excellence Canada announced that the curtailment at its Crofton paper operation will be extended to the end of November.
Annual Spending on Home Improvements Expected to Decline Through 2024Q3
Annual spending for improvements and repairs to owner-occupied homes is expected to decrease at a moderate rate over the coming year, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
New Listings of Homes For Sale Increase in September
New listings climbed 1.4% month-over-month in September, Redfin reported. This is the largest increase since February 2022, on a seasonally adjusted basis.