The Michigan Department of Natural Resources (DNR) will construct a new customer service center in Newberry, Michigan, The Newberry News reported.
Wood Markets News
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.
State-Level Analysis of Construction Sector Employment in September
27 states reported month-over-month employment gains in September, the National Association of Home Builders reported.
Commercial and Multifamily Mortgage Delinquency Rates Trek Higher in Q3
Delinquency rates for mortgages backed by commercial and multifamily properties increased during Q3, according to the Mortgage Bankers Association.
Mortgage Applications for New Home Purchases Up Year-Over-Year but Down Month-Over-Month in September
The Mortgage Bankers Association reported that mortgage applications for new home purchases declined 12.0% month-over-month but were up 14.9% year-over-year in September.
Tłı̨chǫ Government Signs Agreement for Largest Tree Planting Project in the Northwest Territories
A Memorandum of Understanding (MOU) was signed to launch a three-year agreement to plant one million trees on Tłı̨chǫ land.
Canadian Investment in Building Construction Increases 1.1% to $17.9 Billion in August
Investment in Canadian building construction increased 1.1% to $17.9 billion (CAD) in August.
Mortgage Bankers Association Projects Commercial and Multifamily Borrowing to Decline 46% From 2022
Total commercial and multifamily mortgage borrowing and lending is expected to fall 46% to $442 billion this year, the Mortgage Bankers Association reported.