New residential single-family home sales for March were at a SAAR of 724,000, 7.4% above the revised February rate.
Wood Markets News
BC Announces New Support for Forest Sector Manufacturers
Through the BC Manufacturing Jobs Fund, the BC Government is contributing as much as C$11 million toward four forest sector capital projects
US Domestic Wood Pellet Sales Decline in 2024, but Exports Increase
US manufacturers produced 10.71 million metric tons of wood pellets in 2024, the EIA and Biomass Magazine reported.
Union Pacific Reaches 5-Year Agreement With the National Conference of Firemen and Oilers
Members of the National Conference of Firemen and Oilers have ratified a five-year agreement with the railroad.
Mortgage Applications Decline in the Week Ending April 18
Mortgage loan application volume declined 12.7% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Industrial Product and Raw Materials Price Indexes for March
Prices for lumber and other wood products rose 3.1% March, following two months of declines.
US Home Price Growth Slows to Lowest Monthly Rate Since December 2022
US home prices ticked up 0.2% in March on a seasonally adjusted basis, the slowest monthly pace since December 2022, Redfin reported.
Investment in Canadian Building Construction Increases 1.5% in February
Investment in building construction rose 1.5% to C$22.4 billion in February, with gains recorded across all components.
Southern Pine Lumber Exports Rise 4.7% in February
Southern pine exports (both treated and untreated) in February were up 4.7% to 40.8 MMBF but remained 15% lower year-over-year, the USDA and SFPA reported.
US Mortgage Loans in Forbearance Trend Lower in March
As of March 31, the total number of loans in forbearance declined 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36%, MBA reported.