The 30-year fixed-rate mortgage averaged 7.57%, up from last week when it averaged 7.49%, according to Freddie Mac.
Wood Markets News
US Weekly Rail Traffic Up 3% Year-Over-Year in the Week Ending October 7th
The Association of American Railroads reported that total US weekly rail traffic increased 3.0% compared with the same week last year.
Consumer Price Index Increases 0.4% in September; All-Items Index Up 3.7% Year-Over-Year
The Consumer Price Index for All Urban Consumers increased 0.4% in September, on a seasonally adjusted basis, after increasing 0.6% in August.
US Weekly Jobless Claims Unchanged in the Week Ending October 7th
The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending October 7th, unchanged from the previous week.
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.