Existing-home sales rose 1.2% in October to a seasonally adjusted annual rate of 4.10 million, NAR reported.
Wood Markets News
Canadian Industrial Product and Raw Materials Price Indices for October
The Industrial Product Price Index rose 1.5% in October, including a 6.9% increase for softwood lumber.
US Mortgage Application Payment Index Falls in October
The national median mortgage payment decreased to $2,039 in October from $2,067 in September, MBA reported.
US Mortgage Rates Edge Higher in the Week Ending November 20
The 30-year fixed-rate mortgage averaged 6.26%, up from 6.24% the previous week, Freddie Mac reported.
US Nonfarm Payroll Increases by 119,000 in September; Unemployment at 4.4%
Nonfarm payroll employment increased by 119,000 in September and the unemployment rate was 4.4%.
US Weekly Initial Jobless Claims Decline in the Week Ending November 15
The advance figure for seasonally adjusted initial unemployment claims was 220,000, a decrease of 84,000 from the previous week.
Hampton Lumber Breaks Ground on New Sawmill in Fairfax, SC
Hampton Lumber broke ground in Fairfax, South Carolina, on a $225 million sawmill expected to be fully operational in 2027, Bluffton Today reported.
Arbec to Indefinitely Close Its Amos, QC, OSB Mill
Arbec Forest Products will suspend operations indefinitely at its Amos, Quebec, OSB mill on December 20, Unifor Quebec said.
ThirdGen Timber Group Acquires Majority Stake in Canadian Timberframes
ThirdGen Timber Group acquired a majority stake in Canadian Timberframes, expanding its capacity across log homes, timber frames, and mass timber construction.
Council of the EU Pushes for Full One-Year Delay of EUDR
The Council of the EU approved a mandate to simplify the EUDR and delay its application to December 2026, with extra time for small firms.