Mortgage loan application volume decreased 10.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
Wood Markets News
Shares of Mortgage Loans in Forbearance Decline Further in January
The total number of loans in forbearance as of January 31st decreased by 1 basis point to 0.22% of servicers’ portfolio volume, the MBA reported.
US Single-Family Built-For-Rent Sector Experiences Strong 2023Q4 Results
Single-family built-for-rent starts totaled 22,000 units in 2023Q4, 29% higher than 2022Q4, the Census Bureau and NAHB report.
Researchers Warn of the Spread of the Southern Pine Beetle in Maine
Record high temperatures in Maine in January foreshadow the potential danger of the spread of southern pine beetles, the Bangor Daily News reports.
Increases in the Canadian Consumer Price Index Slow in January
The Canadian Consumer Price Index (CPI) increased 2.9% year-over-year in January, following a 3.4% gain in December.
The Conference Board US Leading Economic Index® Moves Lower in January
The Conference Board Leading Economic Index® declined 0.4% in January to a reading of 102.7 (2016=100), following a 0.2% decline in December.
Interfor’s Meldrim, Georgia, Sawmill Sustains Fire Damage to a Kiln Building
Several local fire departments spent Sunday afternoon fighting a fire at Interfor’s sawmill in Meldrim, Georgia, WTOC/Channel 11.
US Residential Building Materials Costs Climb Higher in January
Inputs to residential construction (goods less food and energy, not seasonally adjusted) increased 1.28% month-over-month in January, the BLS and NAHB reported.
Canadian Industrial Product and Raw Materials Price Indexes Show Mixed Results in January
The Industrial Product Price Index (IPPI) declined 0.1% month-over-month and 2.9% year-over-year in January.
US Existing-Home Sales Market Slows in January as Mortgage Rates Hold Steady
New listings dropped 1.2% month-over-month in January (seasonally adjusted), Redfin reported.