Construction job openings fell to 202,000 in February from 230,000 in January, while the job openings rate declined to 2.4%, the BLS and NAHB reported.
Wood Markets News
The Conference Board US Consumer Confidence Index Rises in March
The Conference Board Consumer Confidence Index rose to 91.8 in March, up from 91.0 in February, as views on current conditions improved.
US Mortgage Applications Fall in the Week Ending March 27
Mortgage loan application volume decreased 10.4% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Real GDP Edges Higher in January
Canadian real GDP rose 0.1% in January, led by gains in goods-producing industries, while construction increased 1.1%.
Gresham House to Acquire Majority Stake in Molpus Woodlands Group
Gresham House will acquire a majority stake in Molpus Woodlands Group, creating a global timberland manager with about $8 billion in assets under management.
FHFA House Price Index Rises in January
The FHFA House Price Index rose 0.1% month-over-month in January and was up 1.6% year-over-year.
S&P Cotality Case-Shiller Index Reports 0.9% Annual Gain in US Home Prices in January
US home prices rose 0.9% year-over-year in January, down from a 1.3% gain in December.
Australian Forest Products Association Raises Concerns Over Australia–EU Free Trade Agreement
AFPA raised concerns over the Australia–EU trade deal, warning that tariff-free timber imports could pressure domestic producers already facing rising costs.
US Job Openings and Labor Turnover Summary for February
US job openings totaled 6.9 million in February, with hires at 4.8 million and separations at 5.1 million.
US Existing-Homes Lingering on Market for 60 Days Hits Highest February Level Since 2019
More than 52% of US home listings sat on the market for 60 days or more in February, the highest level for the month since 2019, Redfin reported.