The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August.
Wood Markets News
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.
Commercial Mortgage Delinquencies Increase in Q2
MBA reported that commercial mortgage delinquencies increased in Q2, according to the latest data from its Commercial Delinquency Report.
Canfor Completes Forest License Transfer to McLeod Lake Indian Band and Tsay Keh Dene Nation
Canfor announced the completion of the subdivision and sale of its Forest License in the Mackenzie TSA equally to the McLeod Lake Indian Band and the Tsay Keh Dene Nation.
Canada Announces Formal Challenges to Latest Increases in US Softwood Lumber Duties
The Canadian government said it will pursue challenges to recent increases to softwood lumber duties by the United States, The Canadian Press reported.