Secretary of Agriculture Rollins announced a $200 million investment to implement the Forest Service’s National Active Forest Management Strategy.
Wood Markets News
US Monthly Mortgage Payments Rise 3.6% Year-Over-Year in May, Just Shy of All-Time High
During the four-week period ending on May 25, the US median monthly mortgage payment was $2,860, Redfin reported.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for May
The Index of Consumer Sentiment was unchanged from its reading of 50.8 in April. This is a 24.5% decrease year-over-year.
Canadian Company Harnessing Robotics and AI to Produce More Housing Offsite
A Canadian company that leverages robots, AI, and advanced technology to build housing offsite is expanding its production, ConstructConnect reported.
US Personal Income and Outlays for April
Personal income increased 0.8% at a monthly rate in April; disposable personal income increased 0.8%; and personal consumption expenditures increased 0.2%.
Canadian GDP, Income, and Expenditures for Q1
Real GDP rose 0.5% in Q1, matching the pace recorded in 2024Q4. Growth was driven primarily by goods exports.
US Pending Homes Sales Decline 6.3% in April
The NAR Pending Homes Sales Index declined 6.3% in April to a reading of 71.3. Compared to a year earlier, the index was down 2.5%.
US Real GDP Declines at an Annual Rate of 0.2% in Q1, BEA Reports in Its “Second” Estimate
Real GDP declined at an annual rate of 0.2% in Q1, following an increase of 2.4% in 2024Q4.
Thousands Evacuated as Wildfires Burn in Alberta, Manitoba, and Saskatchewan
States of emergency and evacuation orders were issued in Alberta, Manitoba, and Saskatchewan this week in response to spreading wildfires.
US Mortgage Rates Inch Higher in the Week Ending May 29
The 30-year fixed-rate mortgage averaged 6.89%, up from last week when it averaged 6.86%, Freddie Mac reported.