PerthNow reported that after redesign efforts and negotiations, the City of South Perth, Australia, has approved plans to build the world’s tallest hybrid timber tower.
Wood Markets News
Canadian Real GDP Flat in July
Real GDP was basically unchanged in July, following a 0.2% decline in June. Service-producing industries inched 0.1% higher, while goods-producing industries declined 0.3%.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in August
Personal income (PI) increased 0.4% in August; disposable personal income (DPI) increased 0.2%; and personal consumption expenditures (PCE) increased 0.4%.
US National Interagency Fire Center Wildfire Update for the Week Ending September 29th
As of Friday, September 29th, 32 large wildfires have burned more than 365,438 acres in 9 states. Two new large wildfires were reported on Thursday.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for September
The University of Michigan Index of Consumer Sentiment declined to a reading of 68.1 in September, down from 69.5 in August—a month-over-month decline of 2.0%.
Cool, Damp Weather Helps Ease Wildfire Conditions in British Columbia
The British Columbia Wildfire Service says the fire danger rating across the province has dropped to low or very low, according to The Canadian Press.
Fixed-Rate Mortgages Climbed Higher in the Week Ending September 28th
The 30-year fixed-rate mortgage averaged 7.31%, up from last week when it averaged 7.19%, according to Freddie Mac.
Real GDP Increases at an Annual Rate of 2.1% in Q2, BEA Reports in Its “Third” Estimate
According to the BEA’s “third” estimate, GDP increased at an annual rate of 2.1% in Q2. This follows an increase of 2.2% in Q1.
US Weekly Jobless Claims Increase for the Week Ending September 23rd
The advance figure for seasonally adjusted initial unemployment claims was 204,000 during the week ending Saturday, September 23rd. This is an increase of 2,000.
Canadian Survey of Employment, Payroll, and Hours Posts Modest Gains in July
Payroll employment was up only 4,900 in July, following an increase of 65,900, or 0.4%, in June. Job vacancies declined by 43,100, or 5.8%.