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.
Wood Markets News
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.
BC Leaves Allowable Annual Cut for Area South of Terrace Unchanged
BC announced that the allowable annual cut (AAC) level for Tree Farm License 41 south of Terrace will remain at 128,000 cubic meters.
US Consumer Price Index Increases 2.5% Year-Over-Year in August
The CPI-U increased 0.2% on a seasonally adjusted basis. Over the past 12 months, the all-items index increased 2.5% before seasonal adjustment.
New Zealand Plans to Overhaul Forestry Regulation Under the Resource Management Act
New Zealand’s forestry sector is set for a major shake-up as the government plans to overhaul national direction under the Resource Management Act (RMA), according to an analysis by MinterEllisonRuddWatts.
Nonresidential Construction Backlog and Contractor Confidence Decline in August
The ABC Construction Backlog Indicator fell to 8.2 months in August. Year-over-year, the CBI is down 1.0 months.
Mortgage Applications Rise in the Week Ending September 6th—Third Consecutive Increase
Mortgage loan application volume increased 1.4% on a seasonally adjusted basis from one week earlier, MBA reported.