The trend in housing starts was higher in September, up 3.9% to 254,006 units from August’s 244,511 units, the Canada Mortgage and Housing Corporation reported.
Wood Markets News
Ledinek Begins Shipping Cutting-Edge Machinery to SmartLam’s New GLT Facility in Dothan, Alabama
Ledinek announced that the initial shipments containing the equipment for SmartLam’s new GLT facility located in Alabama have left Ledinek’s Hoče manufacturing site.
Mortgage Applications Fall to Lowest Level Since 1995 in the Week Ending October 13th
Mortgage loan application volume decreased 6.9% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
US Forest Service Celebrates National Forest Products Week
Brian Brashaw, US Forest Service Assistant Director for State, Private & Tribal Forestry and Wood Innovations, remarks on National Forest Products Week.
US Builder Confidence Declines for Third Consecutive Month in October
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell four points to 40 in October.
To Afford a Median-Priced Home, US Homebuyer Must Earn 15% More Than a Year Ago
The average US home buyer must earn $114,627 to afford a median-priced home, Redfin reported. That is up 15%, or $15,285, from a year ago.
Replanting Program Continues Across New South Wales, Australia, Softwood Plantations Following 2019–20 Fires
Since the 2019–20 bushfires in New South Wales, Australia, 40 million seedlings have been replanted in pine forests, according to the Forestry Corporation of NSW.
Canadian Consumer Price Index Increases 3.8% Year-Over-Year in September
In September, the Consumer Price Index (CPI) increased 3.8% on a year-over-year basis, down slightly from August’s 4.0% gain. The year-over-year deceleration was broad-based.
Canadian Home Sales Fall 1.9% Month-Over-Month in September
Home sales recorded over Canadian MLS® Systems declined 1.9% between August and September, the Canadian Real Estate Association reported.
BC Government Hopes to Expand Value-Added Wood Manufacturing Through Collaboration
BC will host accelerator tables to bring together First nations, value-added manufacturers, and forest licensees to develop joint solutions to sustain, grow, and diversify BC’s value-added sector.