Pending home sales rose 1.9% in October but were down 0.4% from a year earlier, NAR reported.
Wood Markets News
S&P Cotality Case-Shiller Index Reports 1.3% Annual Gain in US Home Prices in September
US home prices rose 1.3% year-over-year in September, down from a 1.4% gain in August.
US Producer Price Index for Final Demand Increases 0.3% in September
US producer prices rose 0.3% in September, driven by final demand goods. Year-over-year, prices increased 2.7%
US Home Listings See Steep Discounts in October
Zillow reported that the typical US listing saw $25,000 in cumulative discounts in October, matching record levels.
European Panel Federation Releases Report on Strategic Wood Availability
The European Panel Federation has released a report warning of a growing gap between Europe’s wood demand and ecological supply, Timber Trades Journal reported.
Sweden’s Mellanskog Reduces Timber Prices Amid Weakened Market Conditions
Sweden’s Mellanskog cut prices for pulpwood, timber, and fuelwood starting November 19, citing a weakened market environment.
US National Interagency Fire Center Wildfire Update for November 21
As of November 21, eight large fires are being suppressed in eight different states. Year-to-date, 4,921,035 acres have been burned.
Fannie Mae ESR Group Releases November Economic and Housing Outlook
The Fannie Mae Economic and Strategic Research Group projects total home sales at 4.73 million units in 2025 and 5.08 million in 2026.
BC Lowers Allowable Cut for TFL 49 in the Thompson-Okanagan Region
BC has reduced the allowable annual cut for TFL 49 to 150,500 cubic meters, a 26.2% cut reflecting wildfire impacts, updated land base data, and sustainability priorities.
Canadian Rail Carloadings Slip in September
Canadian railways moved 31.3 million tons of freight in September, down 0.7% from a year earlier, as cross-border traffic fell sharply.