The advance figure for seasonally adjusted initial unemployment claims was 241,000, a decrease of 19,000 from the previous week’s revised level.
Wood Markets News
Interfor to Exit Its Québec Operations
Interfor plans to exit its operations in Québec, Canada, including the sale of its three manufacturing facilities and the closure of its Montréal corporate office.
Oregon Dedicates a State Forest to Carbon Storage and Crediting
Oregon is the second state to enroll an entire state forest in a plan to store carbon in exchange for carbon credits, The Oregon Capital Chronicle reported.
Norfolk Southern Says Some Hurricane-Damaged Lines Won’t Reopen Until January 2025
Norfolk Southern officials said its East Tennessee rail network devastated by Hurricane Helene could take months to reopen, Fox Weather reported.
Canadian Housing Starts Rise 5% in September
The Canada Mortgage and Housing Corporation reported that the annual pace of housing starts in Canada was up 5% in September.
Canadian Real Estate Association Updates Home Sales Forecasts
CREA said that the expected pace of interest rate cuts has changed dramatically since it published its summer forecast.
Mortgage Applications Fall in the Week Ending October 11th—Third Consecutive Decline
Mortgage loan application volume decreased 17.0% on a seasonally adjusted basis from one week earlier, MBA reported.
Fannie Mae Reports Year-Over-Year Single-Family Home Prices Increased 5.9% in Q3 2024
Fannie Mae released the results of its latest Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price […]
Mortgage Credit Availability Tightened in September
The Mortgage Bankers Association’s (MBA) released its Mortgage Credit Availability Index (MCAI) report for September 2024. According to MCAI, mortgage […]
Canadian Homes Sales in September Climbed to Highest Level Since July 2023
The Canadian Real Estate Association (CREA), reported that home sales recorded over Canadian MLS® Systems climbed 1.9% on a month-over-month […]