Most EU ambassadors want the bloc’s anti-deforestation law delayed for all companies, not just small ones, as pressure mounts ahead of a December 15 deadline, Euractiv reported.
Wood Markets News
Unlikely Alliances Form Over Pacific Northwest Owl Culling Proposal
A US plan to kill up to 450,000 barred owls to protect northern spotted owls has united timber interests and environmentalists in rare support, the LA Times reported.
Canadian Real GDP Contracts 0.3% in August
Canada’s real GDP declined 0.3% in August, offsetting July’s gain, as both goods and services sectors weakened.
US Mortgage Rates Decline for Fourth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.17%, down from 6.19% the previous week, Freddie Mac reported.
US FHFA House Price Index Rises 0.4% in August
US house prices rose 0.4% in August and 2.3% year-over-year, with gains led by the Middle Atlantic division, FHFA reported.
US Median Monthly Housing Payment Posts Largest Decline in Nearly a Year
The median US monthly housing payment fell 1.4% to $2,530, the largest drop since November 2024, as mortgage rates eased, Redfin reported.
Segezha Group to Begin Supplying Products to Mexico
Segezha Group signed its first plywood supply contract in Mexico and plans to expand shipments across Latin America, Interfax reported.
Canadian Payroll Employment Little Changed in August
Payroll employment was little changed in August, rising by 3,300 positions, while job vacancies fell to their lowest level since 2017.
Federal Reserve Cuts Key Interest Rate by 0.25%
The Federal Reserve lowered its key rate by 0.25 percentage point to 3.75–4.00%.
US Pending Home Sales Hold Steady in September
Pending home sales were unchanged month-over-month but up 3.8% year-over-year in September, NAR reported.