During the four-week period ending May 4, the median US monthly housing payment hit an all-time high of $2,868, Redfin reported.
Wood Markets News
US 30-Year Mortgage Rate Unchanged in the Week Ending May 8
The 30-year fixed-rate mortgage averaged 6.76%, unchanged from last week, Freddie Mac reported.
US Multifamily Developer Sentiment Declines in Q1
Multifamily developers started Q1 in a cautious state of mind, NAHB reported.
EU Introduces Simplified Guidance for EUDR Implementation
The European Commission recently introduced new simplifications to support the implementation of the EU Deforestation Regulation, which enters into application later this year.
US Wood Pellet Exports Decline in March
The US exported 781,576.4 metric tons of wood pellets in March, down from 796,490.2 metric tons in February, the USDA and Biomass Magazine reported.
Sterling Solutions Introduces TerraCross, a Temporary CLT Bridge
Sterling Solutions has introduced TerraCross, a temporary bridge made with CLT panels and steel.
US Weekly Initial Jobless Claims Decline in the Week Ending May 3
The advance figure for seasonally adjusted initial unemployment claims was 228,000, a decrease of 13,000 from the previous week’s unrevised total.
Fannie Mae Home Purchase Sentiment Index Rises in April
The Fannie Mae Home Purchase Sentiment Index increased 1.1 points to a reading of 69.2 in April.
Federal Reserve Holds Interest Rates Steady
The US Federal Reserve decided to hold its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact, CNBC reported.
Mortgage Applications Climb in the Week Ending May 2
Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.