US home prices rose 1.5% year-over-year in June, up from a 1.2% gain in May.
Wood Markets News
Swedish Roundwood Prices Decline in Q2
Swedish roundwood prices declined in Q2, with Scots pine sawlogs down 12% and Norway spruce down 9%.
The Conference Board US Consumer Confidence Index Trends Lower in August
The Conference Board Consumer Confidence Index fell to 89.4 in August, down 0.8 points from a downwardly revised 90.2 in July.
US New-Home Purchase Mortgage Applications Decrease in July
New-home purchase mortgage applications fell 1.0% in July and 5.7% year-over-year, MBA reported.
Ontario Invests CA$1 Million to Support Forest Biomass Markets
Ontario is investing nearly CA$1 million to support private forest management, biomass supply chains, forestry jobs, and markets.
US Existing-Home Sale Contract Cancellations Near Three-Year High in July
US home-sale contract cancellations rose to 14% in July, the highest share in nearly three years on a seasonally adjusted basis, Redfin reported.
State-Level Construction Employment Data for July
US construction employment rose by 22,000 jobs in July, with gains in 28 states, the BLS and NAHB reported.
Timber Products Brings New High-Speed TFL Laminating Line Online
Timber Products has started a new automated TFL laminating line in Oregon, expanding available panel sizes and producing roughly three times the output.
US National Interagency Fire Center Wildfire Update for August 23
As of August 23, 86 uncontained large fires are burning across the US. Year-to-date, 50,580 wildfires have burned more than 7.7 million acres.
US Imposes 50% Tariffs on Certain Canadian Products After Talks Fail
The US imposed 50% tariffs on about $20 billion of Canadian products after negotiations failed, with Canada planning retaliatory tariffs September 8.