The Redfin Home Price Index climbed 0.5% month-over-month in January, replicating the 0.5% gain in both December and November.
Wood Markets News
WholeTrees Structures to Open New Facility in Ashland, Maine
WholeTrees Structures has signed a lease agreement for the vacant Moosewood Millwork building in Ashland, Maine, the Bangor Daily News reported.
Canadian New-Home Price Index Inches Lower in January
StatCan reported that the New-Home Price Index declined 0.1% lower month-over-month in January.
Mortgage Applications Decline in Week Ending February 16th
Mortgage loan application volume decreased 10.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
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.