Wood Markets News

Existing-Home Sales Climb 9.4% in September to 6.5 Million

The National Association of Realtors® (NAR) is reporting that total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 9.4% from August to a seasonally-adjusted annual rate of 6.5 million in September.

Significant Improvements to New Brunswick Wood Market Benchmark Announced

According to Auditor General Kim Adair-MacPherson, a major irritant that helped to provoke US tariffs has been fixed and with it a potential lifeline to the New Brunswick (NB) forest industry. Her report released on Tuesday (10/20) says the province now has a better system for accurately calculating sales to mills from private woodlots, a benchmark that helps set royalties paid for timber from publicly owned Crown lands.