The number of loans in forbearance increased to 0.31% of servicers’ portfolio volume as of August 31st, up from 0.27% in July, MBA reported.
Wood Markets News
Share of First-Time Buyers For New Single-Family Homes Declines in 2024
40% of builders’ single-family home sales so far in 2024, on average, have been made to first-time home buyers, NAHB and Wells Fargo reported.
Canadian New Housing Price Index Unchanged in August
The New Housing Price Index was unchanged month-over-month in August. Year-over-year, the index was unchanged, following a 0.1% increase in July.
US National Interagency Fire Center Wildfire Update as of September 23rd
As of September 23rd, 42 large active wildfires are being managed with full suppression strategies nationwide. Current wildfires have burned 1,656,005 acres.
Stora Enso Opens Its New Headquarters, the Largest Mass Timber Building in Finland
On Wednesday, Stora Enso said it has started operations at its new head office, the largest mass timber building in Finland, located in Helsinki.
Canada’s National Forest Week: Forest Heritage and Forests as a Renewable Resource
The Williams Lake Tribune featured an overview of Canada’s National Forest Week, which occurs every year during the third week in September.
Prices Flat for Inputs to Residential Construction in August
The price of inputs to residential construction, goods, remained flat in August after increasing 0.1% in July, the BLS and NAHB reported.
Canadian Industrial Product and Raw Materials Price Indexes for August
Prices for lumber and other wood products rose 2.1%, with softwood lumber rebounding 7.7% after four consecutive monthly declines.
US Housing Payments Post Biggest Year-Over-Year Decline Since May 2020
During the four-week period ending on September 15th, the median US housing payment was $2,534, down 2.7% from a year earlier—the biggest decline since May 2020—Redfin reported.
Canadian Rail Freight Data for July
Canadian railways transported 29.9 million tons of freight in July, up 1.6% year-over-year, marking the fourth consecutive annual increase.