The U.S. Department of Labor is reporting that an additional 751,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, October 24th.
The National Association of Realtors® (NAR) has reported their Pending Homes Sales Index (PHSI), which is a leading indicator of housing activity and is based on signed real estate contracts, not actual closings, for existing single-family homes, condos, and co-ops, declined in September to a reading of 130.0.
Idaho’s timber industry continues to play a key role in the state’s economy.
The new Growing Alberta’s Forest Sector Amendment Act 2020 has passed its first reading in the provincial legislature. The bill would replace the existing Forests Act, which has not been updated since 1971.
According to the Q3 2020 Housing Trends Report (HTR) from the National Association of Home Builders (NAHB), 27% of buyers reported being able to afford half or more of the homes available for-sale in their desired markets.
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending October 23rd, 2020, The Market Composite Index, a measure of mortgage loan application volume, increased 1.7% on a seasonally adjusted basis from one week earlier.
Natural Resources Canada (NRC) is making a nearly $4 million (CAD) investment towards a series of mass timber buildings being constructed at the Atomic Energy of Canada Limited’s Chalk River Laboratories.
The USDA Forest Service researchers recently published FPL-RP-706, October 2020 entitled Cradle-to-Gate Life-Cycle Assessment of Redwood Lumber in the United States.
Hammond Lumber Company, a family-owned company founded in 1953, with headquarters in Belgrade Maine, has announced the acquisition of a smaller competitor, Tukey Brothers, Inc., a sawmill in North Belgrade.
The Federal Housing Finance Agency (FHFA), Home Price Index (HPI) reports that House prices rose nationwide in August, up 1.5% above July’s reading.