Confidence in the market for new multifamily housing showed mixed results year-over-year in Q3, NAHB reported.
Wood Markets News
Mortgage Delinquencies Decline Modestly in Q3, But Remain Elevated Year-Over-Year
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly compared to one year ago, MBA reported.
US Weekly Initial Jobless Claims Trend Higher in the Week Ending November 2nd
The advance figure for seasonally adjusted initial unemployment claims was 221,000, an increase of 3,000 from the previous week’s revised level.
Port of Prince Rupert, BC, Experiencing Disruptions Amid Work Stoppage
The Port of Prince Rupert is experiencing disruptions following the issuing of a 72-hour strike notice by ILWU Local 514 and the subsequent 72-hour lockout notice issued by the BCMEA.
Mortgage Applications Decline in the Week Ending November 1st, Marking Sixth Consecutive Drop
Mortgage loan application volume decreased 10.8% on a seasonally adjusted basis from one week earlier, MBA reported.
US Wood Pellet Exports Increase in September
The US exported 898,128.2 metric tons of wood pellets in September, up from 775,296.1 metric tons in August, a Biomass Magazine review of USDA data shows.
University of Oregon Prototype Home Features Innovative Construction Using Oregon-Made Mass Plywood Panels
A University of Oregon team has completed construction on a prototype house that showcases a sustainable, energy-efficient alternative to traditional home construction, KTVZ reported.
Australian Timber Industry Advocates for Extra Scrutiny of Country-of-Origin Labeling on Imported Timber
ABC News featured Australian timber industry advocates calling for extra scrutiny after a quarter of products tested in a verification trial were found to be “potentially misleading.”
RoyOMartin Celebrates Grand Opening of Corrigan, TX, OSB Expansion
RoyOMartin has celebrated the grand opening of the expansion of Corrigan OSB, LLC, its Texas subsidiary.
South Carolina Forestry Commission Issues Preliminary Assessment of Hurricane Helene Damage
On Friday, the South Carolina Forestry Commission released its preliminary assessment of damage to forests caused by Hurricane Helene.