Mortgage applications for new home purchases increased 4.0% month-over-month and 20.6% year-over-year, according to the Mortgage Bankers Association.
Wood Markets News
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.
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.