Redfin reported that residential real estate deals are falling through at their highest rate in almost a year.
Wood Markets News
Producer Price Index for August With a Focus on Building Materials Prices
Analysis provided by the NAHB reveals that the price level of inputs into residential construction less energy ticked up 0.1% in August, not seasonally adjusted.
Canadian Home Sales Fall 4.1% Month-Over-Month in August
The Canadian Real Estate Association reported that home sales posted over the Canadian MLS® Systems declined 4.1% between July and August.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment declined to a reading of 67.7 in September, down from its reading of 69.5 in August. This is a month-over-month decline of 2.6%.
Canfor Announces $200 Million Investment to Build New Houston, BC, Facility
Canfor announced it will invest $200 million (CAD) to build a new state-of-the-art manufacturing facility in Houston, British Columbia.
New Ontario Cedar Mill Signs Fiber Supply Agreement
The Fort Frances Times reported that Szeder Sunset Cedar Mill in Barwick has signed a Fiber Supply Business Agreement with Boundary Waters Forest Management Corp.
Mortgage Applications for New Home Purchases Increase in August
Mortgage applications for new home purchases increased 4.0% month-over-month and 20.6% year-over-year, according to the Mortgage Bankers Association.
Ontario’s Centennial College Opens Its Trailblazing Mass Timber Building
Canada’s first LEED Gold, carbon, mass timber, higher-educational building located on the Centennial College campus is opening its doors.
30-Year Mortgage Resumes Upward Trek
The 30-year fixed-rate mortgage averaged 7.18% in the week ending September 7th, up from 7.12% a week earlier, according to Freddie Mac.
Producer Price Index for Final Demand Climbs Higher in August
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.7% in August, after increasing 0.4% in July.