New residential single-family home sales were at a seasonally adjusted annual rate of 684,000 in August, 6.4% above the July rate of 643,000.
Wood Markets News
US Single-Family Rent Growth Returns to Seasonal Norms in July
US single-family rents rose 1.8% year-over-year in July, while monthly growth of 0.4% continued a return to normal seasonal patterns, Cotality reported.
US Weekly Initial Jobless Claims Trend Lower in the Week Ending September 19
The advance figure for seasonally adjusted initial unemployment claims was 197,000, a decrease of 1,000 from the previous week.
Russian Timber Companies Seek Changes to New Forest Management Rules
Russian timber companies are seeking changes to forest management rules taking effect in September 2027, citing delays, rising costs, and lease risks, Kommersant reported.
Ontario Invests More Than CA$3.6 Million in Biomass Projects
Ontario announced more than CA$3.6 million for Northern Ontario biomass projects supporting bioenergy, wood processing, and Indigenous-led development, Northern Ontario Business reported.
Forests Canada Supports Planting of Nearly 3.7 Million Trees in 2026
Forests Canada supported the planting of nearly 3.7 million trees in 2026, bringing its total since 2004 to more than 54 million trees planted.
NAHB Introduces Remodeling Labor Market and Input Price Update
NAHB reported remodeling employment at 454,100 in Q2, while its new Remodeling Input Price Index showed input costs rising 6.6% year-over-year.
US Mortgage Applications Fall in the Week Ending September 18
Mortgage loan application volume decreased 1.5% on a seasonally adjusted basis from one week earlier, MBA reported.
Danish Timber Company Primatræ Enters Bankruptcy
Primatræ, a timber company in East Jutland, Denmark, has entered bankruptcy proceedings after just over four years in operation and three years of losses, Interior Daily reported.
AV Group to Temporarily Idle Nackawic, NB, Dissolving-Pulp Mill
AV Group NB plans to temporarily idle its Nackawic dissolving-pulp mill in early November, MET Magazine reported.