System TM and Stiles Machinery have for over 15 years successfully cooperated in the North American markets. Stiles is excited to announced that they have made a majority share acquisition in the Danish engineering and manufacturing partner, System TM A/S by HOMAG.
Wood Markets News
Consumer Price Index Inches Higher in September
The Bureau of Labor Statistics (BLS) is reporting that consumer prices increased at a slower pace in September. According to the BLS, The Consumer Price Index (CPI) rose by 0.2% on a seasonally adjusted basis, slower than the 0.4% increase experienced in August and a 0.6% increase in July.
Mortgages in Forbearance Fall Below 3 Million for First Time Since Mid-April
Mortgages in active forbearance dropped nearly 20% last week.
The Mortgage -Treasury Spread Trends Lower in September
The spread between 10-Year Treasury rate and 30-year fixed-rate mortgages continues to trend lower, signaling lower risks for investors.
Median Home Sale Price Experience Largest Increase on Record During Week Ending 4th October
Year-over-year median home sales price jumped 15% during the week ending on October 4th.
Oregon Board of Forestry Approves 70-Year Proposed Western Oregon Habitat Conservation Plan
The Oregon Board of Forestry, on Tuesday (10/6), approved a 70-year proposed Western Oregon Habitat Conservation Plan. Analysis of the plan by the Oregon Department of Forestry reports that the plan would provide long-term protections and conservation plans for endangered species and secure forest management practices.
Alberta Announces Five-Way Plan to Increase existing Forestlands Usage
Alberta has announced a five-way plan to increase by 13% the usage of existing forestlands.
Census Bureau Reports the Number of Completed Modular and Panelized Single-Family Homes Drop in 2019
According to data from the latest Census Bureau Survey of Construction data, with analysis provided by the National Association of Home Builders (NAHB) the total market share of offsite built single-family homes (modular and panelized) dropped to 3% of single-family completions in 2019.
The Fed Reports Consumer Credit Drops in August
The latest G-19 Consumer Credit Reports from the Federal Reserve covers consumer credit, excluding loans secured by real estate, the end of August 2020. According to the report consumer credit decreased at a seasonally adjust annual rate (SAAR) of 2% from July.
FEA’s Weekly Order Survey Participants Views Vary from Region to Region
Dealers who responded to FEA’s Weekly Order Survey continue to take a highly regionalized view of their markets. Again, this week, some builders and their supporting dealers are reporting flat to a modest uptick in sales activity.