Housing starts for all areas in Canada increased 8% month-over-month a SAAR of 240,761 units in September, CMHC reported.
Wood Markets News
Researchers Study Fire Behavior to Better Understand Mass Timber Buildings
The Bureau of Alcohol, Tobacco, and Firearms (ATF) Fire Research Laboratory in Maryland tested mass timber fire behavior in October.
Ontario Home Builders Expect Fewer Housing Starts and Deeper Supply Shortage in 2025
According to the Residential Construction Council of Ontario, housing starts will likely weaken and the supply shortage could get even worse, Ontario Construction News reported.
US Existing-Home Sales Post Largest Monthly Increase in Nearly Three Years
Existing-home sales in October rose 1.6% month-over-month, the largest gain since January 2022, Redfin reported.
US Building Materials Costs Decrease 0.2% in October
The goods component increased 0.7% over the year, while services decreased 0.4%.
North Carolina Project Repurposing Trees Impacted by Hurricane Helene
Thousands of damaged trees will be repurposed under a project developed through Interagency Recovery Coordination, FEMA announced.
Air New Zealand Readying Hangar With Hemisphere’s Largest Single-Span Timber Roof
Air New Zealand is just a few months away from moving into Hangar 4, which will become one of the world’s largest single-span timber arch hangars once completed, Wood Central reported.
MBA Mortgage Credit Availability Index Increases in October
The MBA Mortgage Credit Availability Index increased 0.7% to a reading of 99.2 in October.
Canadian Existing-Home Sales Jump 7.7% in October
Existing-home sales activity increased 7.7% month-over-month in October, reaching its highest level since April 2022, CREA reported.
US Forest Service Awards $20 Million to Help Reduce Wildfire Risk and Support Communities
The US Forest Service announced that it has awarded $20 million to transport hazardous fuels from forests to facilities for processing into wood products or energy sources.