The University of Michigan Index of Consumer Sentiment declined to a reading of 68.1 in September, down from 69.5 in August—a month-over-month decline of 2.0%.
Wood Markets News
Cool, Damp Weather Helps Ease Wildfire Conditions in British Columbia
The British Columbia Wildfire Service says the fire danger rating across the province has dropped to low or very low, according to The Canadian Press.
Fixed-Rate Mortgages Climbed Higher in the Week Ending September 28th
The 30-year fixed-rate mortgage averaged 7.31%, up from last week when it averaged 7.19%, according to Freddie Mac.
Real GDP Increases at an Annual Rate of 2.1% in Q2, BEA Reports in Its “Third” Estimate
According to the BEA’s “third” estimate, GDP increased at an annual rate of 2.1% in Q2. This follows an increase of 2.2% in Q1.
US Weekly Jobless Claims Increase for the Week Ending September 23rd
The advance figure for seasonally adjusted initial unemployment claims was 204,000 during the week ending Saturday, September 23rd. This is an increase of 2,000.
Canadian Survey of Employment, Payroll, and Hours Posts Modest Gains in July
Payroll employment was up only 4,900 in July, following an increase of 65,900, or 0.4%, in June. Job vacancies declined by 43,100, or 5.8%.
Paper Excellence Canada Restarting Catalyst Crofton Pulp Mill, but Paper Operations Remain Curtailed Through October
Paper Excellence Canada announced that it will resume kraft pulp operations at its Catalyst Crofton mill.
Fire Reported at Weyerhaeuser’s Buckhannon, West Virigina, Facility
Monday evening, local fire departments responded to a fire at Weyerhaeuser’s Buckhannon, West Virigina, engineered lumber facility, according to My Buckhannon.
US Home Values Continue to Soar in 2023, Led by New Home Construction
Zillow estimates that the total value of the US housing market is now slightly less than $52 trillion, $1.1 trillion higher than the previous peak in June.
Mortgage Applications Retreat in Week Ending September 22nd
Mortgage loan application volume decreased 1.3% on a seasonally adjusted basis, according to the Mortgage Bankers Association.