The Canada Mortgage and Housing Corporation reported that a significant increase in actual housing starts in June helped reverse the declining trend in housing starts observed over the last several months.
Wood Markets News
Canada’s Industrial Product Price Index and Raw Materials Price Index Both Decline in June
The Industrial Product Price Index (IPPI) decreased 0.6% month-over-month in June and has declined 5.5% year-over-year. Excluding energy and petroleum products, the IPPI fell 0.9% in June.
Shares of Mortgage Loans in Forbearance Continued to Decline in June
According to the Mortgage Bankers Association, the total number of loans in forbearance as of June 30th decreased 5 basis points to 0.44% of servicers’ portfolio volume. An estimated 220,000 homeowners remain in forbearance plans.
Anthony Timberlands Center at University of Arkansas Nets Two World Architecture Festival Honors
The Anthony Timberlands Center for Design and Materials Innovation is under construction but has just received two international honors from the World Architecture Festival 2023, according to a press release by the University.
Canadian Consumer Price Index Climbed Higher in June
The Canadian Consumer Price Index (CPI) increased 2.8% year-over-year in June, following a 3.4% increase in May. Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.
Wildfires in Canada Continue to Set New Records for Total Land Burned
The Canadian Press reported on Sunday that Canada’s record-breaking wildfire season has now seen 100,000 kilometers (38,610 square miles) of land scorched as blazes continue burn out of control across the entire country.
Fannie Mae’s Home Price Index Increases in Q2
According to Fannie Mae’s latest Home Price Index, single-family home prices increased 3.0% year-over-year in Q2. This is down from Q1’s revised annual growth rate of 4.9%. On a quarterly basis, home prices rose a seasonally adjusted 1.9% in Q2.
Oregon Dept. of Forestry’s State Forests Division Chief Discusses New Habitat Conservation and Forest Management Plan
The North Coast Citizen recently conducted an interview with Oregon’s Department of Forestry’s State Forests Division Chief Mike Wilson about the agency’s progress on a new habitat conservation and forestry management plan.
Canadian Real Estate Association Reports Homes Sales Increased 1.5% Month-Over-Month in June
The Canadian Real Estate Association reported that home sales recorded over the Canadian MLS® System posted a 1.5% increase month-over-month in June. This is a smaller increase than in April and May.
US Home Foreclosure Rates Jump in First Half of 2023
ATTOM released its Mid-Year 2023 US Foreclosure Market Report. The report shows that there was a total of 185,580 US properties with foreclosure filings in the first half of 2023. That figure is 13.0% above the same period a year ago.