Employees at the Paper Excellence Crofton pulp and paper mill in BC will not be returning to work at the end of August as planned, the Chemainus Valley Courier reported.
Wood Markets News
US Pending Homes Sales Increase in 2 Out of 4 Regions in July
The National Association of Realtors® Pending Homes Sales Index increased 0.9% month-over-month in July to a reading of 77.6. Year-over-year, contract signing declined 14.0%.
Koskisen Invests in a New Thin Plywood Press at Its Hirvensalmi, Finland, Mill
Koskisen announced that it is investing in a new thin plywood press at its thin plywood production unit in Hirvensalmi, Finland, increasing pressing capacity by approximately a quarter.
Mortgage Applications Climb Higher in the Week Ending August 25th
Mortgage loan application volume increased 2.3% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
Real GDP Increases at an Annual Rate of 2.1% in Q2, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.1% in Q2, according to the Bureau of Economic Analysis’ “second” estimate. This follows a real GDP increase of 2.0% in Q1.
ADP® Reports Increased Private Sector Employment and Compensation Gains in August
Nonfarm private sector employment increased by 177,000 jobs in August and annual pay was up 5.9% year-over-year, according to the ADP® National Employment Report™.
Mote Announces Plan to Build a Second Biomass Plant Near Sacramento, California
Mote is planning to build a second biomass facility somewhere in the Sacramento, California, area, according to reporting by the Los Angeles Business Journal.
FHFA Reports US House Prices Increased 3.0% Between 2022Q2 and 2023Q2
The Federal Housing Finance Agency’s (FHFA) House Price Index increased 3.0% between 2022Q2 and 2023Q2. Prices were up 1.7% compared to 2023Q1.
S&P CoreLogic Case-Shiller US Home Price Index Posts Month-Over-Month Gain in June
The S&P CoreLogic Case-Shiller US National Home Price NSA Index shows all 20 major metro markets reported month-over-month increases in June.
The Conference Board’s US Consumer Confidence Index Retreats in August
The Conference Board’s Consumer Confidence Index® declined in August to a reading of 106.1 (1985=100), down from a revised (lower) July reading of 114.0.