FHFA raised the 2026 conforming loan limit to $832,750 in most of the US, with the high-cost ceiling set at $1,249,125.
Wood Markets News
US Mortgage Rates Trend Lower in the Week Ending November 26
The 30-year fixed-rate mortgage averaged 6.23%, down from 6.26% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Decline in the Week Ending November 22
Initial unemployment claims declined to 216,000, down 6,000 from the previous week.
US Pending Home Sales Increase 1.9% in October
Pending home sales rose 1.9% in October but were down 0.4% from a year earlier, NAR reported.
S&P Cotality Case-Shiller Index Reports 1.3% Annual Gain in US Home Prices in September
US home prices rose 1.3% year-over-year in September, down from a 1.4% gain in August.
US Producer Price Index for Final Demand Increases 0.3% in September
US producer prices rose 0.3% in September, driven by final demand goods. Year-over-year, prices increased 2.7%
US Home Listings See Steep Discounts in October
Zillow reported that the typical US listing saw $25,000 in cumulative discounts in October, matching record levels.
European Panel Federation Releases Report on Strategic Wood Availability
The European Panel Federation has released a report warning of a growing gap between Europe’s wood demand and ecological supply, Timber Trades Journal reported.
Sweden’s Mellanskog Reduces Timber Prices Amid Weakened Market Conditions
Sweden’s Mellanskog cut prices for pulpwood, timber, and fuelwood starting November 19, citing a weakened market environment.
US National Interagency Fire Center Wildfire Update for November 21
As of November 21, eight large fires are being suppressed in eight different states. Year-to-date, 4,921,035 acres have been burned.