The 30-year fixed-rate mortgage averaged 6.12%, up from last week when it averaged 6.08%, Freddie Mac reported.
Wood Markets News
US Weekly Initial Jobless Claims Increase in the Week Ending September 28th
The advance figure for seasonally adjusted initial unemployment claims was 225,000, an increase of 6,000 from the previous week.
US Private Sector Job Cuts Ease in September
US-based employers announced 72,821 cuts in September, a 4% decrease from August, Challenger, Gray & Christmas reported.
US Dept. of Commerce Revises New Duties for Softwood Lumber Products From Canada
The US Department of Commerce has revised two antidumping duty rates for imports of certain softwood lumber products from Canada. These rates are effective September 24th.
Doman Building Materials Group Acquires CM Tucker Lumber Companies
BC-based Doman Building Materials Group has acquired South Carolina-based CM Tucker Lumber Company for US$255 million in cash.
Hancock Lumber Signs Letter of Intent to Acquire Tiny Homes of Maine
Hancock Lumber announced it has signed a letter of intent and plans to acquire Tiny Homes of Maine, a manufacturer of tiny homes on wheels.
Mortgage Applications Decline in the Week Ending September 27th
Mortgage loan application volume decreased 1.3% on a seasonally adjusted basis from one week earlier, MBA reported.
ADP® Reports Private Sector Employment and Compensation Both Increased in August
Private sector employment increased by 143,000 jobs in September, ADP reported.
BC Institute of Technology and EllisDon Collaborating on New Mass Timber Microcredential Program
EllisDon is collaborating with the British Columbia Institute of Technology (BCIT) to funnel its mass timber knowledge into a new microcredential program, the Journal of Commerce reported.
US Dockworker Strike Cripples Port Activity Along the East and Gulf Coasts
Tens of thousands of dockworkers went on strike on Tuesday at ports along the East and Gulf coasts, Progressive Railroading reported.