Conifex Timber Inc., has announced that it will further extend the temporary curtailment of operations at its Mackenzie, British Columbia sawmill for an additional five weeks to July 6, 2020.
News in covid 19
Personal Income Surges 10.5% in April
Data recently released by the Bureau of Economic Analysis (BEA) is reporting that personal income surged in April to a seasonally adjusted annual rate (SAAR) of $ 20,674 billion.
International Monetary Fund Warns of Skewed Data due to COVID-19
According to its weekly blog post, the International Monetary Fund (IMF) is warning that key economic indicators may be skewed and perhaps less accurate, in the wake of the COVID-19 pandemic.
Home Prices Increase in 96% of U.S. Metro Areas in First Quarter of 2020
According to the latest quarterly report by the National Association of Realtors® (NAR), almost all of the nation’s metro areas experienced price growth and had minimal inventory increases in the first quarter of 2020.
FEA’s Weekly Order Survey Shows May Sales Better than Initially Estimated
Many dealers are reporting that their May sales are better than they had initially estimated. The same holds true for April’s overall housing data.
Pending Homes Sales Tumble 21.8% in April
The National Association of Realtors® (NAR) has reported Pending Homes Sales Index (PHSI) declined -21.8% to 69.0 in February.
Mortgage Rates Hit Another All-Time Low
Housing starts, sales and prices are all expected to plunge until a recovery, which is expected to start sometime in mid-2021, gets underway.
Canfor Updates B.C. Mill Curtailments and Closures
Canfor Corporation has offered an update on recent mill curtailments and closures.
West Fraser Announces Most Lumber and Panel Mills Returned to Full Operations in May
West Fraser has announced that during the month of May, they have successfully resumed full capacity lumber and plywood production at all but a few facilities.
The Conference Board Reports their Consumer Confidence Index® Held Steady in May
After sharps declines, signs of stabilization appear in Consumer Confidence indices.