The NAHB/Wells Fargo Housing Market Index rose in May to 37. Sentiment has now remained in negative territory for 25 consecutive months.
Wood Markets News
US Pending Home Sales Jump to Highest Level Since September 2022
US pending home sales jumped 9.6% year-over-year during the four weeks ending May 10 (seasonally adjusted), Redfin reported.
Update on Explosion and Fire at Robbins Lumber in Searsmont, ME
A massive explosion and fire at Robbins Lumber in Searsmont, Maine, killed one firefighter and injured at least 10 people, News Center Maine reported.
Canadian Housing Starts Rise in April
Canadian housing starts rose 17% in April to 279,317 units (SAAR), while the six-month trend increased 3.2% to 256,777 units, CMHC reported.
US Forest Service Updates Disaster Recovery Progress Across National Forests
The US Forest Service said disaster recovery efforts continue across 85 national forests and two national grasslands damaged by nearly 100 disasters.
US National Interagency Fire Center Wildfire Update for May 15
As of Friday, May 15, 12 large fires were actively burning across the US. Year-to-date, 1,918,424 acres have burned.
Domtar Open to Selling Maniwaki, QC, Sawmill
Domtar said it is open to selling its Maniwaki, Quebec, sawmill, saying the best scenario would be to find a local owner, Radio-Canada reported.
Explosion and Fire Reported at Robbins Lumber in Maine
An explosion and large fire were reported on Friday at Robbins Lumber in Searsmont, Maine, NEWS2 reported.
US Builder Credit Conditions Tighten Slightly in Q1
NAHB reported that builder credit conditions remained tight in Q1, although its AD&C financing index moved closer to neutral territory.
US Mortgage Delinquencies Increase in Q1
The mortgage delinquency rate for one-to-four-unit residential properties rose 18 basis points to 4.44% in Q1, MBA reported.