The national median mortgage payment was $2,131 in March, up from $2,061 in February, MBA reported.
Wood Markets News
BTG Pactual TIG Closes Latin American Reforestation Fund at $1.24 Billion
BTG Pactual TIG closed a $1.24 billion reforestation fund targeting 660,000 acres in Latin America, spanning conservation, restoration, and commercial tree farms.
BC Announces Forestry Support Grants for Workers
BC announced a CA$20.8 million forestry support grant to aid ~1,400 workers through training, wage subsidies, and job-creation projects.
US Personal Income and Outlays Rise in March
Personal income rose 0.6% and personal consumption expenditures increased 0.9% in March. The PCE price index advanced 3.5% year-over-year.
UPM Board Approves Plan to Spin Off Plywood Business
UPM’s board approved a plan to spin off its plywood business into WISA Group, with completion targeted for October 31.
Canadian Payroll Employment Falls in February
Canadian payroll employment fell 0.3% in February, while job vacancies held steady at 497,200, with 3.1 unemployed persons per opening.
US Real GDP Increases at an Annual Rate of 2.0% in Q1, BEA Reports in Its “Advance” Estimate
US real GDP grew at an annual rate of 2.0% in Q1, according to the BEA’s “advance” estimate. In 2025Q4, real GDP increased 0.5%.
Ontario Launches 10-Year Roadmap to Support Forest Sector
Ontario launched a 10-year forestry roadmap, aiming to support jobs, boost competitiveness, and counter trade pressures.
The Conference Board US Leading Economic Index Declines in March
The Conference Board Leading Economic Index declined 0.6% in March to 97.3, following a 0.3% increase in February.
Bank of Canada Holds Policy Rate at 2.25%
The Bank of Canada held its policy rate at 2.25%, citing volatile financial conditions, higher energy prices, and ongoing uncertainty tied to geopolitical risks.