Wood Markets News


Personal Income Declines 2.7% in August

The Bureau of Economic Analysis (BEA) is reporting that personal income decreased in August to a seasonally adjusted annual rate (SAAR) of $19,493 billion. That is a drop of -2.7% in August due mainly to the expiration of the expanded unemployment insurance benefit, which provides a weekly supplement pay of $600 through the end of July.

Reuter Poll Suggests 2021 has the Potential of Being a Difficult Year for the Global Housing Markets

A recent Reuters poll conducted between September 15th – 29th, disclosed that most major housing markets around the world will not be able to keep up with consumer price inflation in 2021. As a result, they are faced with multiple downside risks, in spite of rising strongly this year amid the COVID-19 pandemic and historically low interest rates.

Employers Continued to Cut Jobs in Q3 2020

According to the monthly report released today (10/1) from Challenger, Gray and Christmas Inc., a global outplacement and business and executive coaching firm, job cuts announced by U.S. based employers jumped to 118,804 in September, up 2.6% from August’s total of 115,762.