Americans need to earn $116,633 to afford a median-price home, 81.8% more than the $64,160 needed to afford the typical apartment for rent, Redfin reported.
News in end use
Composite PanelsCOVID-19End UseEngineered Wood Products/Mass TimberInternational MarketsLumberMill Capacity ChangesOffsite ConstructionStructural PanelsTimberTrade DisputeTransportation
FilterClear
US Consumer Price Index Cools in March
Over the past 12 months, the all-items index rose 2.4% before seasonal adjustment.
US Weekly Initial Jobless Claims Inch Higher in the Week Ending April 5
The advance figure for seasonally adjusted initial unemployment claims was 223,000, an increase of 4,000 from the previous week’s unrevised total.
President Trump Pauses “Reciprocal” Tariffs for 90 Days, but Raises China’s Tariff to 125%
Trump announced a 90-day pause on the steep tariffs announced last week, opting instead for a lower 10% universal tariff, Fortune reported.
EU Launches First Countermeasures in Response to US Metals Tariffs
The EU will launch its first countermeasures next week in response to US tariffs, joining China and Canada in escalating the global trade conflict, Reuters reported.
Mortgage Applications Increase in the Week Ending April 4
Mortgage loan application volume increased 20.0% on a seasonally adjusted basis from one week earlier, MBA reported.
FEA: Implications of the New Tariffs on the US Economy and Wood Products Sector
Analysis from FEA’s Brendan Lowney: “New Tariffs Will Have Massive Effects on the US Economy; North American Wood Products Sector Will See Few Direct Effects”
MBA Mortgage Credit Availability Index Increases for Fourth Consecutive Month in March
The MBA Mortgage Credit Availability Index (MCAI) rose 2.5%, reaching a reading of 102.9 in March.
As More US Multifamily Units Are Absorbed, Rental Market Fundamentals Stabilize
US apartment demand was well above average in Q1, helping to push market fundamentals back toward more typical levels, RealPage Market Analytics reported.
NFIB Small Business Optimism Index Retreats for Third Consecutive Month in March
The NFIB Small Business Optimism Index declined 3.3 points to 97.4 in March, slipping just below the 51-year average of 98.