Total existing home sales declined 0.7% month-over-month in August to a seasonally adjusted rate of 4.04 million homes, the National Association of Realtors reported.
Wood Markets News
Fixed-Rate Mortgages Creep Higher in the Week Ending September 21st
The 30-year fixed-rate mortgage averaged 7.19%, up from last week when it averaged 7.18%, according to Freddie Mac.
The Conference Board US Leading Economic Index® Declines Further in August
The Conference Board Leading Economic Index® declined 0.4% in August to a reading of 105.4 (2016=100), after posting a 0.3% decline in July.
US Weekly Jobless Claims Decrease for the Week Ending September 16th
The advance figure for seasonally adjusted initial unemployment claims was 201,000 during the week ending Saturday, September 16th. This is a decrease of 20,000.
Hughes Pacific Expanding Its Timber Holdings in Canada
Washington-based Hughes Pacific has announced a significant expansion of its forestry operations in western Canada, Canadian Forest Industries (CFI) reported.
Construction Backlog Holds Steady in August
The Associated Builders and Contractors Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month.
Mondi Announces Sale of Its Last Russian Facility to Sezar Invest
Mondi announced that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest.
Mortgage Applications Increase in the Week Ending September 15th
Mortgage loan application volume increased 5.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
US Housing Starts Fall While Permits and Completions Climb in August
Privately‐owned housing starts in August were at a seasonally adjusted annual rate (SAAR) of 1,283,000. This is 11.3% below the revised July estimate of 1,447,000.
Hood Industries to Close Its Sawmill in Metcalfe, Georgia
Hood Industries has announced plans to close its Metcalfe, Georgia, plant, according to reporting by The Thomasville Times-Enterprise.