UK construction continues to be “battered by economic headwinds and sudden, ad hoc policy changes,” Glenigan reported.
Wood Markets News
Number of Canadians Receiving Regular Employment Insurance Increases in August
There were 448,000 Canadians receiving regular Employment Insurance benefits in August, up 9,100, or 2.1%, from July.
Existing-Home Sales on Pace to Be the Slowest Since 2008
2023 will likely end with roughly 4.1 million existing home sales nationwide, Redfin reported.
Causes and Consequences of Canada’s Record-Breaking Wildfire Season
The Canadian Broadcasting Corporation (CBC) has provided an overview of Canada’s unprecedented wildfire season and what it means for the future of the country’s forests.
US Existing-Home Sales Recede in September
Total existing-home sales recorded a 2.0% month-over-month decline in September to a seasonally adjusted rate of 3.96 million homes, the National Association of Realtors® reported.
Mortgage Rates Climb in the Week Ending October 19th, Marking Sixth Consecutive Increase
The 30-year fixed-rate mortgage averaged 7.63%, up from last week when it averaged 7.57%, according to Freddie Mac.
Conference Board US Leading Economic Index® Declines Again in September
The Conference Board Leading Economic Index® declined 0.7% in September to a reading of 104.6 (2016=100), after posting a 0.5% drop in August.
US Weekly Jobless Claims Decline in the Week Ending October 14th
The advance figure for seasonally adjusted initial unemployment claims was 198,000 during the week ending October 14th, a decrease of 13,000 from the previous week.
US Housing Starts and Completions Increase While Permits Decline in September
Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,358,000. This is 7.0% above the revised August estimate of 1,269,000.
Oregon Mass Timber Coalition Awarded $41.4 Million Grant to Modernize Oregon’s Forest Products Industry
The Oregon Mass Timber Coalition has been awarded $41.4 million by the US Economic Development Administration to modernize and boost the forest products industry in Oregon.