According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending April 17th, 2020, […]
News in end use
Paper Product Shortages the Unintended Consequence of Mill Curtailments and Shutdowns
The mill curtailments and complete mill shutdowns in British Columbia and other parts of North America were supposed to help […]
Canadian Forestry Industry Faces Major Headwinds Through the 3rd Quarter of 2020
According to Derek Nighbor, president – CEO of the Forest Products Association of Canada (FPAC), which represents Canada’s wood, pulp, […]
COVID-19 Pandemic Already Having Negative Impact on Repair and Remodeling Sector
The fallout from the COVID-19 pandemic is already having a serious impact on homeowners’ ability to start or complete remodeling […]
Home Sales Increase Year-Over-Year Despite Month of March Decline
The National Association of Realtors® (NAR) has reported that existing-home sales fell in March following a February that had significant […]
Washington State Governor Under Increasing Pressure to Allow Building and other Work to Restart Now
Governor Jay Inslee of Washington State issued his current “Stay Home, Stay Healthy” order on March 23rd and extended it […]
Fannie Mae Anticipates Short but Painful Downturn
Fannie Mae’s Economic and Strategic Research Group has reduced its outlook for economic growth over the entire year from 2.2% […]
U.S Mortgage Rates Remain at Near All-Time Lows
Freddie Mac has reported the results of its Primary Mortgage Market Survey®. The weekly average rate for new mortgages, as […]
Bank of Canada Says COVID-19 Outbreak Set to Trigger Biggest Ever Near-Term Domestic Slump
The Bank of Canada said on Wednesday, that the COVID-19 outbreak was set to trigger the biggest ever near-term domestic […]
Canadian Home Sales Slump in March
The Canadian Real Estate Association (CREA) has reported that Canadian home sales slumped <-14.3%> in March from February as economic turmoil related […]