Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
Wood Markets News
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.
US National Interagency Fire Center Wildfire Update as of November 22nd
As of Friday, November 22nd, wildland fire activity continues in 2 states where 5 large active wildfires have burned 144,141 acres.
Google Unveils New Mass Timber Office in Sunnyvale, CA
Google unveiled its first office building made using mass timber.
Irving Tissue Announces $600 Million Expansion of Its Macon, GA, Facility
While celebrating its fifth anniversary of Irving Tissue in Macon, Georgia, company President Robert K. Irving unveiled its latest expansion project.
Quebec to Invest $252 Million to Support Province’s Forestry Sector
Québec announced additional investments of $252 million (CAD) over five years that will enable initiatives worth $540 million over the next seven years.
Conditions for Custom Home Builders Little Changed in Latest US Census Bureau Survey
Conditions for custom home builders remains relatively flat after a period slight softening of market share due to declining mortgage rates, the Census Bureau and NAHB reported.
Finland: Timber Purchases Rise 20% Above Five-Year Average Year-To-Date
The Finnish Forest Industries Federation reported that its members purchased 32.3 million cubic meters of wood from private forests from January through October.
Canadian New Housing Price Index Declines 0.4% in October; Largest Monthly Drop Since 2009
The New Housing Price Index fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for November
The University of Michigan’s Index of Consumer Sentiment increased 1.8% month-over-month and 17.1% year-over-year.