The NAHB Remodeling Market Index rose one point to 60 in Q3, signaling steady confidence despite cost pressures and economic uncertainty.
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US Mortgage Credit Availability Rises in September
The MBA Mortgage Credit Availability Index rose 0.4% to 104.4 in September.
US Mortgage Rates Trend Lower in the Week Ending October 9
The 30-year fixed-rate mortgage averaged 6.30%, down from 6.34% the previous week, Freddie Mac reported.
Amazon Opens Mass Timber Delivery Station in Indiana
Graycor has completed Amazon’s 171,000-square-foot mass timber delivery station in Elkhart, Indiana, AJOT reported.
US Mortgage Applications Fall in the Week Ending October 3
Mortgage loan application volume decreased 4.77% on a seasonally adjusted basis from one week earlier, MBA reported.
EU Moves to Impose Provisional Antidumping Duties on Brazilian Softwood Plywood
The European Commission has proposed a 6.2% provisional antidumping duty on Brazilian softwood plywood imports as part of an ongoing trade investigation.
US Multifamily Rents Slip in September; Year-Over-Year Growth Cools to 0.6%
Annual rent growth slowed to 0.6%, the weakest September since 2009, Yardi Matrix and Multi-Housing News reported.
Segezha Group Begins Exporting Russian Sawn Timber to Tunisia
Segezha Group has begun exporting Russian Angara pine to Tunisia, marking its first shipment and a broader push into North African markets, Interfax reported.
University of Pennsylvania Unveils East Coast’s Tallest Mass Timber Academic Building
The University of Pennsylvania opened Amy Gutmann Hall, a six-story mass timber data science hub and the East Coast’s tallest academic timber building, i+s reported.
Fannie Mae Home Purchase Sentiment Index Holds Steady in September
Fannie Mae’s Home Purchase Sentiment Index held steady at 71.4 in September but was down 2.5 points year-over-year.