Existing-home sales in Canada rose 0.9% in October as new listings fell and the sales-to-new listings ratio firmed to 52.2%, CREA reported.
Wood Markets News
Washington Forest Practices Board Approves Type NP Buffer Rule, Taking 200,000 Acres Out of Production
Washington’s Forest Practices Board approved wider stream buffers that remove 200,000 acres from timber production, Capital Press reported.
ABC Construction Backlog and Contractor Confidence Trend Lower in October
ABC’s Construction Backlog Indicator slipped to 8.4 months in October but was unchanged year-over-year.
Stora Enso to Spin Off Swedish Forest Assets Into New Company
Stora Enso will spin off its Swedish forest assets into a new listed company, with shares to be distributed to existing shareholders.
US Mortgage Delinquency Rate Rises to 3.99% in Q3
The US mortgage delinquency rate rose 6 basis points to 3.99% in Q3, while foreclosure starts increased to 0.20%, MBA reported.
Stora Enso Launches Strategic Review of Central European Sawmill Operations
Stora Enso has launched a 2026 strategic review of its Central European sawmill and building solutions operations, including seven mills and related units, with divestment among the options.
CPKC Reaches Tentative Labor Agreement With Locomotive Engineers
CPKC said it reached a tentative agreement with the Brotherhood of Locomotive Engineers and Trainmen covering about 300 US locomotive engineers, pending ratification.
Southern Forest Industries to Pause Operations at Its Smarr, GA, Sawmill
Southern Forest Industries will temporarily close its Smarr, Georgia, sawmill after its largest customer, PalletOne, ended operations at the site.
Pending US Home Sales Edge Lower as Buyers Wait for Lower Rates
Pending home sales fell 0.3% in the four weeks ending November 9, while new listings continue to rise modestly, Redfin reported.
US Mortgage Rates Little Changed in the Week Ending November 13
The 30-year fixed-rate mortgage averaged 6.24%, up slightly from 6.22% the previous week, Freddie Mac reported.