The Index of Consumer Sentiment rose to a reading of 69.0 in September, up from 67.9 in August. This is a month-over-month increase of 1.6% and up 1.8% year-over-year.
Wood Markets News
Modular and Off-Site Built Homes See Modest Increase in Market Share in 2023
The total market share of non-site built single-family homes (modular and panelized) was just 3% of single-family homes built in 2023, the Census Bureau and NAHB reported.
India’s Century Plyboards Plans to Increase Plywood Production Capacity by 30%
India-based Century Plyboards, a leading wood products manufacturer, plans to boost its plywood production capacity by approximately 30% over the next 12–15 months with an investment of around ₹140 crore (US$16.7 million), newsonprojects reported (9-12-24).
US 30-Year Mortgage Rate Hits Lowest Level Since February 2023
The 30-year fixed-rate mortgage averaged 6.20%, down from last week when it averaged 6.35%, Freddie Mac reported.
Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations Acquire an Interfor Forest License
The Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations have acquired an Interfor forest license, The Campbell River Mirror reported.
Value of Canadian Building Permits Soars 22.1% in July
The total value of building permits in Canada soared 22.1% month-over-month to $12.4 billion (CAD) in July. This follows two consecutive months of declines.
Sierra Pacific Industries Plants Its 300 Millionth Seedling
Sierra Pacific Industries recently announced that it planted its 300 millionth seedling on its timberlands this spring.
US Monthly Housing Payments Retreat to Early-2024 Levels
During the four-week period ending on September 8th, the median US monthly housing payment was $2,558—down nearly to where it was at the start of the year—Redfin reported.
US Producer Price Index for Final Demand Increases 0.2% Month-Over-Month in August
The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August.
US Weekly Initial Jobless Claims Increase in the Week Ending September 7th
The advance figure for seasonally adjusted initial unemployment claims was 230,000, an increase of 2,000 from the previous week’s revised level.