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.
Wood Markets News
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.
US Weekly Jobless Claims Increase for the Week Ending September 9th
The advance figure for seasonally adjusted initial unemployment claims was 220,000 during the week ending September 9th, an increase of 3,000 from the previous week.
US Dept. of Commerce Amends Final Results of Antidumping Duty Administrative Review
The US Dept. of Commerce is amending the final results of the administrative review of the antidumping order on certain softwood lumber products from Canada to correct certain ministerial errors.
Finland’s Timber Shortage Causes Change in Its Forest Products Industry
The availability of wood as a raw material for industrial use is already a problem in Finland, according to reporting by YLE News.
Mortgage Applications Decline in the Week Ending September 8th
Mortgage loan application volume declined 0.8% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
EGGER Group Announces the Purchase of Rauch Group’s Chipboard Plant in Germany
The EGGER Group has agreed to purchase the Rauch Group’s chipboard plant located in Markt Bibart, Germany.
Consumer Price Index Increases 0.6% in August; All-Item Index Up 3.7% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in August on a seasonally adjusted basis.
US Consumer Credit Outstanding Growth Slowed in July
Consumer credit outstanding growth slowed to a SAAR of 2.5% in July, down from 3.4% in June, according to the Federal Reserve and NAHB.
Smurfit Kappa Reaches Agreement to Purchase WestRock, Creating World’s Largest Paper and Packaging Company
Ireland’s Smurfit Kappa has reached an agreement to purchase WestRock for an agreed $11 billion to create the world’s largest paper and packaging company, Reuters reported.