The US median single-family floor area was 2,190 square feet in Q1, near the highest reading since mid-2023, the Census Bureau and NAHB reported.
Wood Markets News
US Home Prices Fall in April, Marking First Monthly Decline Since September 2022
US home prices dipped 0.1% in April on a seasonally adjusted basis, the first monthly decline since September 2022, Redfin reported.
Marion, Michigan’s Green Tree Hardwood Lumber Sawmill Destroyed by Fire
On Saturday, a fire completely destroyed the Green Tree Hardwood Lumber sawmill in Marion, Michigan, WPBN/WGTU reported.
Canadian CPI Growth Slows in April on Lower Energy Prices
The Consumer Price Index (CPI) increased 1.7% year-over-year in April, down from a 2.3% increase in March.
Swinerton and Timberlab Complete California University System’s First Mass Timber Building
The $14.5 million, 22,132-square-foot, two-story facility consolidates campus operations into a single, efficient, and forward-looking structure.
US Existing-Home Sales Slow to Lowest Level Since October 2024
Sales of existing US homes fell to a seasonally adjusted annual rate of 4,196,707 in April, the lowest level since October 2024, Redfin reported.
US Construction Materials Prices Moderate in April
Overall construction input prices were 0.1% higher year-over-year in April, the BLS and ABC reported.
US Custom Home Building Steady in Q1
There were 34,000 custom building starts in Q1, unchanged from 2024Q1, the Census Bureau and NAHB reported.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for May
The Index of Consumer Sentiment declined to a reading of 50.8 in May, down from 52.2 in April. This is a month-over-month decline of 2.7% and a 26.5% decrease year-over-year.
BNSF and Yardmasters Announce Ratification of New Five-Year Agreement
The agreement covers more than 320 yardmasters and aligns with the national bargaining pattern while also incorporating other work rule/process modernization.