The delinquency rate for mortgage loans on 1–4-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4, the MBA reported.
Wood Markets News
Lending Standards Loosened for Commercial and Residential Real Estate Loans in 2023Q4
Lending standards loosened for all commercial real estate loan and residential real estate categories in Q4, an NAHB review of the Fed’s Senior Loan Officer Opinion Survey shows.
US Asking Rents Up Year-Over-Year in January, but Less Volatile Than Pandemic Years
The median US asking rent rose 1.1% year-over-year to $1,964 in January, the largest annual increase since March 2023, Redfin reported.
Owens Corning Announces Acquisition of Masonite International Corporation for $3.9 Billion
Owens Corning and Masonite International Corporation have entered into an agreement under which Owens Corning will acquire all outstanding shares of Masonite for approximately $3.9 billion.
VMG Group Opens LVL, I-Joist, and Structural Particleboard Facility in Lithuania
The VMG Lignum Construction factory has an annual capacity of 120,000 m3 of LVL, 15 million meters of I-joists, and 200,000 m3 of structural particleboard.
How Carbon Credits Are Impacting New Hampshire’s Forest Products Industry
The New Hampshire Business Review explored the impact of carbon credits on New Hampshire’s forest industry.
BC Preparing for Active Wildfire Season as Holdover Fires From 2023 Begin to Reappear
Wildfires from 2023 that went dormant over the winter have once again moved above ground, producing visible smoke and smoldering, CBC reported.
Mortgage Credit Availability Improves in January
The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) increased 0.7% to a reading of 92.7 in January.
Canadian Employment Increases in January, but Lags Population Growth
Employment in Canada increased by 37,000 in January, following three consecutive months with little change.
US Wood Pellet Exports Increase Month-Over-Month and Year-Over-Year in December
The US exported 1.10 million metric tons of wood pellets in December, up from 655,649.2 metric tons in November, a Biomass Magazine review of USDA data shows.