On Tuesday, Maryland’s Francis Scott Key Bridge collapsed after it was struck by a cargo ship. The disaster has blocked the Port of Baltimore.
Wood Markets News
Quebec Earmarks C$8.5 Million for Salvage of Storm-Damaged Timber in Bas-Saint-Laurent Region
The investment of $8.5 million over two years will make it possible to recover wood toppled by strong winds before it deteriorates.
EU’s Nature Restoration Plan Put on Indefinite Hold
A major European Union plan to better protect nature in the 27-nation bloc and fight climate change was indefinitely postponed on Monday, The Associated Press reported.
Canada Mortgage and Housing Corporation Releases 2023 New Home Construction Recap
According to CMHC, new-home construction in Canada’s 6 largest census metropolitan areas recorded 137,915 housing starts in 2023.
Mortgage Applications Slip in the Week Ending March 22nd
Mortgage loan application volume declined 0.7% on a seasonally adjusted basis from one week earlier, the MBA reported.
Concessions Fade as US Spring Rental Season Kicks Into High Gear
With spring finally here, the share of rental listings offering tenants concessions many have peaked, Zillow reported.
January FHFA House Price Index Down Month-Over-Month but Up Year-Over-Year
The FHFA House Price Index declined 0.1% month-over-month in January. Year-over-year, prices increased 6.3%.
Typical US Household Earns $30K Less Than Needed to Afford a Median-Priced Home
As of February, the estimated median US household earns $29,448 less than it needs to afford the median-priced home, Redfin reported.
S&P CoreLogic Case-Shiller US Home Price Index Reports 6.0% Annual Gain in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index rose 6.0% year-over-year in January, up from 5.5% in December.
Mass Timber Design Revealed for the Marengo Multimodal Hub in Toulouse, France
Bjarke Ingels Group and A+ Architects have revealed the design for the 12,000-square-meter (129,167 square feet) Marengo Multimodal Hub in Toulouse, France, ArchDaily reported.