The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending October 7th, unchanged from the previous week.
Wood Markets News
BC Government Contributing $1.34 Million Toward Woodtone Specialties Expansion
BC announced that it is contributing as much as $1.34 million (CAD) towards Armstrong’s Woodtone Specialties capital expansion.
Canadian Building Permits Increase 3.4% in September
The total monthly value of building permits in Canada increased 3.4% in August to $11.9 billion (CAD). On a constant dollar basis, the value was up 4.3% to $6.9 billion.
Timberlink’s NeXTimber Facility in South Australia Presses Its First CLT Panel
Timberlink’s NeXTimber facility in South Australia has pressed its first CLT panel. The commissioning of the CLT line follows the production of the facility’s first GLT beam in August.
Mortgage Applications Inched Higher in the Week Ending October 6th
Mortgage loan application volume increased 0.6% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
Producer Price Index for Final Demand Up Month-Over-Month and Year-Over-Year in September
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in September.
US Consumer Credit Outstanding Shrinks Month-Over-Month but Rises Year-Over Year in August
Consumer credit outstanding reached $4.97 trillion (SAAR) in August, a monthly decrease of $15.6 billion, according the Federal Reserve and NAHB.
West Fraser Announces Third Expansion at Its Newberry, SC, Sawmill
West Fraser announced plans to invest $17.7 million in the third expansion in 10 years at its Newberry, South Carolina, sawmill facility, the Longview News-Journal reported.
Södra Announces Price Increases on Spruce and Pine Timber
Södra, citing strong demand for forest raw materials from family forestry, announced that it was raising the price for spruce and pine timber effective immediately.
Mortgage Credit Availability Increases for Second Consecutive Month in September
The Mortgage Bankers Association’s Mortgage Credit Availability Index increased 0.6% to a reading of 97.2 in September.