The NAHB/Wells Fargo Housing Market Index revealed that builder sentiment in the market for newly built single-family homes rose to 40 in April, up one point from March.
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Bank of Canada Holds Interest Rates Steady Amid Trade Uncertainty
The Bank of Canada left its benchmark interest rate unchanged as it awaits a clearer picture of how global trade uncertainty will impact Canada, the Canadian Press reported.
Swedish Forestry Industry Facing Challenging Times
Swedish forestry companies have had a tougher start to 2025 than expected, according to High North News, citing a report from the Swedish Forest Industries Federation.
Microsoft Signs Deal to Remove 3.7 Million Tons of Carbon From US Pulp and Paper Mill
Microsoft announced that it and carbon dioxide removal project developer CO280 has signed one of the largest engineered CDR purchase deals to date, ESG Today reported.
ABC Backlog Indicator Rises in March, Already Reflecting Tariff Impacts
The ABC Construction Backlog Indicator increased to 8.5 months, up 0.3 months from a year ago.
Mortgage Applications Decline in the Week Ending April 11
Mortgage loan application volume decreased 8.5% on a seasonally adjusted basis from one week earlier, MBA reported.
Fannie Mae Panel Expects Slower Home Price Growth in 2025 and 2026
A panel of more than 100 housing experts forecasts home price growth to average 3.4% in 2025 and 3.3% in 2026, Fannie Mae reported.
Canadian Housing Starts Fall 3.3% in March
Housing starts in Canada declined 3.3% in March to 214,155 units (SAAR), CMHC reported.
Labor Dispute at UPM Plywood Mills in Finland Continues as Union Rejects Latest Offer
The labor dispute between UPM Plywood in Finland and the Industrial Union remains unresolved, and the strike at UPM’s Finnish plywood mills will continue.
Canadian Housing Demand and Home Prices Continue to Trend Lower in March
Sales activity sank 4.8% in March, CREA reported. Home sales are now down 20% from their recent high recorded last November.