Credit for residential AD&C continued to tighten in Q2 and became even more expensive for most types of loans, NAHB reported.
Wood Markets News
Canadian Employment and Unemployment Remained Little Changed in July
Overall employment was little changed in July. The employment rated declined 0.2 percentage points to 60.9%.
Splatsin and Tolko Sign a Renewed Relationship Agreement
Splatsin te Secwépemculucw (Splatsin) and Tolko Industries announced the signing of a renewed relationship agreement, which serves to support and advance their long-standing partnership built upon mutual trust and respect.
30-Year US Mortgage Rate Falls to 15-Month Low
The 30-year fixed-rate mortgage averaged 6.47%, down from last week when it averaged 6.73%, Freddie Mac reported.
US Weekly Initial Jobless Claims Drop in the Week Ending August 3rd
The advance figure for seasonally adjusted initial unemployment claims was 233,000, a decrease of 17,000 from the previous week’s revised level.
Total Value of US Homes Reaches Record High of $49.6 Trillion
On Thursday, Redfin reported that according to its data, the total value of US homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion.
US Multifamily Developer Confidence in Q2 Declines Year-Over-Year
The NAHB produces two separate indices: The Multifamily Production Index had a reading of 44, a decrease of 12 points year-over-year, while the Multifamily Occupancy Index had a reading of 81, falling 8 points year-over-year.
Mercer Mass Timber’s Nick Milestone Discusses How Mass Timber is Revolutionizing Construction
Nick Milestone, Vice President of Projects and Construction for Mercer Mass Timber, sat down with Wood Central for an exclusive interview about how the building industry is changing.
Canfor Revises Curtailment Schedule for Its Fort St. John, BC, Sawmill
In response to the potential of a nationwide railroad strike by over 9,000 rail workers, Canfor has revised its curtailment schedule for its Fort St. John, BC, sawmill, Energeticcity reported.
Fire Destroys Building at Katahdin Forest Products Mill in Oakfield, ME
On Tuesday, the Oakfield Fire Department (OFD) responded to a fire at the Katahdin Forest Products facility, The Country reported.