According to the International Tropical Timber Organization (ITTO), Brazilian exports of wood-based products (except pulp and paper) in March declined 19.0% year-over-year in value, from US$423.2 million in March 2022 to US$341.9 million in March 2023.
Wood Markets News
US National Interagency Fire Center Wildfire Update for the Week Ending April 28th
The US National Interagency Fire Center is reporting that as of last Friday, nineteen large new fires were reported. Wildland firefighters and support personnel are working towards containment goals on 13 large fires that have burned 45,376 acres in 8 states.
Arbec Forest Products Acquires Forex’s Amos, Quebec, OSB Mill
Arbec Forest Products announced on Friday the acquisition of the Forex OSB mill located in Amos, Quebec. In doing so, Arbec now manufactures approximately 5% of the OSB production in North America.
Greystar Real Estate Partners Opens New Modular Facility in Western PA to Manufacture Apartments
Greystar Real Estate Partners recently announced the opening of its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing.
New Listings of US Homes For Sale Decline 22.4% Year-Over-Year
Redfin reported on Friday that in the four-week period ending on April 23rd, new listings of homes for sale fell 22.4% nationwide from a year earlier. This is one of the largest declines since the start of the pandemic.
Mortgage Payments Increase for Third Consecutive Month in March
The Mortgage Bankers Association (MBA) reported on Thursday that according to its Purchase Applications Payment Index (PAPI), homebuyer affordability declined in March. The national median payment applied for by applicants increased 1.6% to $2,093.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Up in March
The US Bureau of Economic Analysis reported on Friday that personal income (PI) increased 0.3%, in March. Disposable personal income (DPI) increased 0.4%. Personal consumption expenditures (PCE) increased less than 0.1%.
Canadian Real GDP Inches Higher in February
Statistics Canada reported Friday that real GDP inched 0.1% higher in February, following a 0.6% increase in January. Both service-producing and goods-producing industries edged up 0.1%.
University of Michigan Reports Final Results of its Consumer Sentiment Index for April
The University of Michigan on Friday released the final results of its Consumer Sentiment Index for April. The Index of Consumer Sentiment increased to a reading of 63.5 in April, a month-over-month increase of 2.4%.
US Pending Homes Sales Declined in 3 Out of 4 Regions in March
The National Association of Realtors® reported its Pending Homes Sales Index (PHSI) declined 5.2% from February to March to a reading of 78.9. Year-over-year, contract signing declined 23.2%. An index of 100 is equal to the level of contract activity in 2001.