Analysis provided by the NAHB reveals that the price level of inputs into residential construction less energy ticked up 0.1% in August, not seasonally adjusted.
Wood Markets News
Canadian Home Sales Fall 4.1% Month-Over-Month in August
The Canadian Real Estate Association reported that home sales posted over the Canadian MLS® Systems declined 4.1% between July and August.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment declined to a reading of 67.7 in September, down from its reading of 69.5 in August. This is a month-over-month decline of 2.6%.
Canfor Announces $200 Million Investment to Build New Houston, BC, Facility
Canfor announced it will invest $200 million (CAD) to build a new state-of-the-art manufacturing facility in Houston, British Columbia.
New Ontario Cedar Mill Signs Fiber Supply Agreement
The Fort Frances Times reported that Szeder Sunset Cedar Mill in Barwick has signed a Fiber Supply Business Agreement with Boundary Waters Forest Management Corp.
Mortgage Applications for New Home Purchases Increase in August
Mortgage applications for new home purchases increased 4.0% month-over-month and 20.6% year-over-year, according to the Mortgage Bankers Association.
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.