The Fannie Mae Home Price Index increased 5.2% year-over-year in Q1, largely unchanged from the previous quarter’s 5.3% growth.
Wood Markets News
BTG Pactual TIG Marks Major Milestone in Latin America Reforestation Strategy
BTG Pactual Timberland Investment Group and Conservation International have reached a significant milestone in their Latin American reforestation strategy.
State-Level Construction Employment Data for March
30 states added construction jobs in March compared to February, the BLS and NAHB reported. Nationally, the construction industry added a net 13,000 jobs.
US New-Home Purchase Mortgage Applications Increase in March
Mortgage applications for new-home purchases increased 14.0% in March, MBA reported. Year-over-year, mortgage applications increased 5.5%.
US National Interagency Fire Center Wildfire Update as of April 18
There are a total of 8,594 acres burning and only 19 of the 31 large wildfires are partially contained.
US Housing Starts and Completions Decline in March; Permits Edge Up
Housing starts in March were at a seasonally adjusted annual rate of 1,324,000, 11.4% below the revised February estimate of 1,494,000.
US Homes Selling at Slowest Pace in Six Years
The typical US home that went under contract in March spent 47 days on the market, the longest for any March since 2019, Redfin reported.
US Mortgage Rates Climb in the Week Ending April 17
The 30-year fixed-rate mortgage averaged 6.83%, up from last week when it week when it averaged 6.62%, Freddie Mac reported.
Stora Enso Receives Approval for Junnikkala Acquisition
Finland has approved Stora Enso’s acquisition of Junnikkala, a Finnish producer of sawn timber and processed wood products.
US Weekly Initial Jobless Claims Decline in the Week Ending April 12
The advance figure for seasonally adjusted initial unemployment claims was 215,000, a decrease of 9,000 from the previous week’s revised total.