The Statistics Canada New Housing Price Index declined 0.4% in April, after holding steady in March, Dow Jones reported.
Wood Markets News
US Mortgage Applications Decline in the Week Ending May 16
Mortgage loan application volume decreased 5.1% on a seasonally adjusted basis from one week earlier, MBA reported.
US Townhouse Construction Posts Modest Gain in Q1
Over the past four quarters, townhouse construction starts totaled 175,000, up 2% from the previous four-quarter period, the Census Bureau and NAHB reported.
Mercer Mass Timber Completes First Phase of the Roosevelt Presidential Library
Mercer Mass Timber has completed of phase one of construction on the Roosevelt Presidential Library in North Dakota.
US Single-Family Home Sizes Increase in Q1
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.
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.