The MBA Mortgage Credit Availability Index rose 1.1% to 108.3 in March.
Wood Markets News
US Consumer Price Index Rises 3.3% Year-Over-Year in March
The CPI rose 0.9% in March and increased 3.3% year-over-year, driven largely by higher energy prices.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for April
The Index of Consumer Sentiment fell to 47.6 in April, down 10.7% from March and 8.8% year-over-year.
Canadian Employment Rises by 14,000 in March; Unemployment at 6.7%
Canadian employment rose by 14,000 in March, while the unemployment rate held at 6.7%.
US Dept. of Commerce Releases Preliminary Countervailing Determination in Seventh Administrative Review of Canadian Softwood Lumber Products
Preliminary determinations do not have any impact on current duties or cash deposit rates.
US Remodeler Sentiment Edges Lower in Q1
The NAHB/Westlake Royal Remodeling Market Index slipped 2 points to 62 in Q1, while the Future Indicators Index fell 2 points to 54.
US Real GDP Increases at an Annual Rate of 0.5% in 2025Q4, BEA Reports in Its “Third” Estimate
US real GDP grew at an annual rate of 0.5% in 2025Q4, a downward revision from the “second” BEA estimate.
US Mortgage Rates Ease in the Week Ending April 9
The 30-year fixed-rate mortgage averaged 6.37%, down from 6.46% the previous week, Freddie Mac reported.
US Personal Income and Outlays for February
Personal income fell 0.1% and personal consumption expenditures rose 0.5% in February, with the PCE price index increasing 2.8% year-over-year.
US Weekly Initial Jobless Claims Increase in the Week Ending April 4
The advance figure for seasonally adjusted initial unemployment claims was 219,000, an increase of 16,000 from the previous week.