House prices outpace increases in median household income.
Wood Markets News
Median Home Price Ends 2021 at New Record High – While Number of Homes For Sale Hit New Record Lows
Redfin reports median home sales prices reached record highs at the end of 2021.
Total Construction Spending in November 2021 Up Month and Year-Over-Year
U.S. construction spending slightly higher in November.
30-Year & 15-Year Mortgage Rates Edge Higher – in Week Ending December 30th 2021
Mortgage rates edge higher at the end of December.
Weekly Jobless Claims Decline– in the Week Ending 25th December 2021
The U.S. Department of Labor reports declining initial filings for unemployment benefits.
Home Buyers and Sellers Changing Plans due to Inflation and High Energy Costs
A survey indicates inflation and energy costs are impacting expected home buyers and sellers.
Pending Homes Sales Decline in November 2021
The National Association of Realtors report pending home sales dropped 2.2% in November.
China Updates Phytosanitary Requirements for Pine Log and Lumber Imports
China Customs released new phytosanitary rules on importing pine logs and lumber from 7 countries due to pine nematode concerns. The new rules include an updated list of designated Chinese ports pine logs and lumber can be imported starting February 1st, 2022.
S&P CoreLogic Case-Shiller National Home Price Index Increases 19.1% in October
The Case-Shiller National Home Price index shows continued gains in US home prices.
Greenpanel Industries MDF plant located in Rudrapur, Uttarakhand, India, Resumes Full Production
Greenpanel Industries announced the restart of their Rudrapur MDF mill after repairs to refiner.