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.
Wood Markets News
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.
US Real GDP Increases at an Annual Rate of 3.0% in Q2, BEA Reports in Its “Third” Estimate
Real GDP increased at an annual rate of 3.0% in Q2. This follows a reported increase of 1.6% (recently revised upward from 1.4%) in Q1.
US Pending Home Sales Increase 0.6% in August
The Pending Homes Sales Index increased 0.6% month-over-month to a reading of 70.6 in August, NAR reported. Year-over-year, pending homes sales were down 3.0%.
Housing Starts in Canada’s Six Largest Cities Increase 4% During First Half of 2024
Combined housing starts in Canada’s 6 largest cities increased 4% to 68,639 new units, the second highest level since 1990, CMHC reported.