The 30-year fixed-rate mortgage averaged 6.81%, up from last week when it averaged 6.71%. A year ago at this time, the 30-year rate averaged 5.30%.
Wood Markets News
ADP® Reports Increased Private Sector Employment Gains but Reduced Compensation Growth in June
According to the ADP® National Employment Report™, nonfarm private sector employment increased by 497,000 jobs in June and annual pay was up 6.4% year-over-year.
Job Openings and Labor Turnover Summary for May
According to the JOLTS report, as of the last business day in May, the number of job openings and rate decreased to 9.8 million—down 496,000, or 0.3%. This offsets a similar size increase in April.
Private Sector Job Cuts Down Month-Over-Month but Up Year-Over-Year in June
US-based employers announced 40,70 job cuts in June. This is down 49% from the 80,089 job cuts announced in May; however, it is up 25% from the 32,517 job cuts announced in June 2022.
US Weekly Jobless Claims Increase in the Week Ending July 1st
The advance figure for seasonally adjusted initial unemployment claims was 248,000 during the week ending on Saturday, July 30th. This is an increase of 12,000 from the previous week’s revised level of 236,000.
U.S. Homes are Selling for 1% Less than Last Year’s All-Time Record High
Redfin, the Seattle-based, technology powered, real estate brokerage firm reported on Thursday (6-29-23), that according to their data the typical […]
Mortgage Payments Increase in April 2023 – for Fifth Consecutive Month – Setting New Record High
The Mortgage Bankers Association (MBA) reported on Thursday (6-29-23), that according to its Purchase Applications Payment Index (PAPI), which measures […]
Paper Excellence’s Catalyst – Crofton Pulp and Paper Mill to Cease Production in July
My Cowichan Valley Now.com reported on Tuesday (7-4-23), that the Catalyst – Crofton pulp mill has ceased production of paper […]
Brazilian Exports of Wood-Based Products Declined Year-Over-Year in May 2023
According to the International Tropical Timber Organization (ITTO) in May 2023 Brazilian exports of wood-based products (except pulp and paper) […]
North London 9-story Mass Timber Office Building – 2 Copper Square – Gains Necessary Approvals
Construction Inquirer.com reported on Wednesday (7-5-23), that developer Related Argent has gained consent for a pioneering 9- story mass timber […]