Home sales recorded over Canadian MLS® Systems increased 8.7% from November to December 2023, CREA reported.
Wood Markets News
Canadian Lumber Production Rises 7.1% Month-Over-Month in October
In October, lumber production in Canada increased 7.1% from September to 4,441.2 thousand cubic meters. Year-over-year, production was up 6.1%.
US Residential Building Materials Costs Inch Higher in December
The Producer Price Index for goods input to residential construction (including energy) increased 0.1% in December after increasing a revised 0.1% in November, the BLS and NAHB reported.
BC Provides New Funding to Support First Nations Build Forest Resilience
BC announced two new grants for the First Nations Emergency Services Society (FNESS) to help support emergency management and land stewardship.
Producer Price Index for Final Demand Declines 0.1% Month-Over-Month in December
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.1% in December, following a 0.1% decline in November.
Mass Timber Office Building Under Construction in Vancouver Earns Salmon-Safe BC Certification
A mass timber office building designed by Dialog in Vancouver, BC, has been awarded the Salmon-Safe BC certification, Remi Network’s Design Quarterly reported.
Huber Timber Expands Its Timberland Holdings in Maine With Acquisition of Sandy Gray Forest
The Sandy Gray Forest is a 100,013-acre contiguous tract of timberland located in northern Maine and what HT is calling a long-term investment hold.
New Listings of US Existing-Homes For Sale Steadily Increase
In the four-week period ending January 7th, US pending home sales posted their smallest year-over-year decline in two years, Redfin reported.
BC Completes First Land Transfer to Snuneymuxw First Nation
The parties said they had completed the transfer of 212 hectares (524 acres) of land on Te’tuxwtun, known as Mount Benson East.
Thirty-Year Fixed-Rate Mortgages Creep Higher in the Week Ending January 11th
The 30-year fixed-rate mortgage averaged 6.66%, up from last week when it averaged 6.62%, Freddie Mac reported.