Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
Wood Markets News
Michigan Department of Natural Resources Opens New Mass Timber Center
The 10,000-square-foot facility is constructed from mass timber using locally sourced Michigan red pine, UPword Michigan reported.
US Consumer Price Index Rises 2.3% Year-Over-Year in April
Over the 12 months ending in April, the all-items index rose 2.3%, down from a 2.4% increase over the prior 12-month period.
Kitselas First Nation Expands Its Role in the Forestry Sector
Kitselas First Nation is expanding its role in the forestry sector with the purchase of a new forest tenure from A&A Trading Ltd, CFNR Network reported.
Sweden’s Holmen Reduces Production at Its Bråviken Sawmill
Holmen is giving notice to about a third of its employees at its sawmill outside Norrköping, Sweden, Skogsindustrin reported.
US Mortgage Delinquencies Trend Higher in Q1
The delinquency rate in Q1 was up 6 basis points from 2024Q4 and was up 10 basis points year-over-year, MBA reported.
NFIB Small Business Optimism Index Retreats in April
The NFIB Small Business Optimism Index declined 1.6 points to a reading of 95.8 in April.
Czech Pavilion for Expo 2025 Osaka Features CLT Design
A spiraling structure of CLT and glass defines the Czech Pavilion for Expo 2025 Osaka in Japan, according to a feature by Dezeen.
US Asking Rents Post Sharpest Year-Over-Year Decline Since Early 2024
The median US asking rent fell 1% year-over-year to $1,625 in April, the largest decline since February 2024, Redfin reported.
US Consumer Credit Slows in Q1
Total outstanding consumer credit reached $5.01 trillion in Q1, an increase of 1.53% (SAAR) compared to the previous quarter, the Federal Reserve and NAHB reported.