Redfin reported that just 25 out of every 1,000 US homes changed hands during the first 8-months of the year, the lowest turnover rate in decades.
Wood Markets News
University of Pennsylvania Dedicates New Mass Timber Building
Philadelphia, Pennsylvania’s newest and tallest mass timber building at the University of Pennsylvania was officially dedicated on Friday, Wood Central reported.
US National Interagency Fire Center Wildfire Update as of September 30th
30 large active wildfires are being managed with full suppression strategies nationwide. Current wildfires have burned 1,580,407 acres.
Mortgage Application Payments Retreat Further in August
The Mortgage Bankers Association Purchase Applications Payment Index decreased 3.9% to a reading of 160.7 in August, down from 167.2 in July.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for September
The University of Michigan Index of Consumer Sentiment rose to a reading of 70.1 in September, a month-over-month increase of 3.2%.
US Personal Income and Outlays for August
Personal income increased 0.2%; disposable personal income increased 0.2%; and personal consumption expenditures increased 0.2%.
MODEL Shares Details of the Tallest Mass Timber Residential Building in Melbourne, Australia
MODEL is sharing details of its first project, the tallest mass timber residential building in Melbourne, Australia, according to a feature by Architecture & Design.
Canadian Real GDP Increases 0.2% in July
The construction sector declined 0.4% for the second consecutive month and was the largest detractor to growth in July.
Tolko Announces 30-Day Curtailment at Its Soda Creek Sawmill in Williams Lake, BC
Tolko Industries confirmed that starting Monday, September 30th, the Soda Creek Division mill in Williams Lake, BC, will begin a 30-day shutdown, The Williams Lake Tribune reported.
Mercer Plans Downtime for Necessary Repairs at Its Peace River, AB, Pulp Mill
Mercer announced that its Peace River pulp mill in Alberta has taken downtime to complete necessary repairs to the mill’s digester after experiencing a mechanical failure.