Housing’s share of the US economy stayed level at 16.1% in Q2, according to the BEA and NAHB.
Wood Markets News
Oregon Dept. of Forestry Unveils Final Operations Plans for FY2025
The Oregon Department of Forestry released its finalized Annual Operations Plans (AOP) that describe the variety of projects planned for state forests for the fiscal year 2025.
US Personal Income and Outlays for June
Personal consumption expenditures (PCE) increased $57.6 billion, or 0.3%.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for July
The University of Michigan Index of Consumer Sentiment declined to a reading of 66.4 in July, down from 68.2 in June. This is a month-over-month decline of 2.6%.
US Real GDP Increases at an Annual Rate of 2.8% in Q2, BEA Says in “Advance” Estimate
Real GDP increased at an annual rate of 2.8% in Q2, following an increase of 1.4% in Q1.
BC Wildfire Situation “Rapidly Evolving” as 430 Fires Burn
BC officials said the wildfire situation in the province is “rapidly evolving,” telling residents they may see more evacuation orders and alerts in the coming days, CBC News reported.
Delinquency Rates for Mortgages Backed by Commercial Property Decline Slightly in Q2
MBA released the results of its latest commercial real estate finance (CREF) Loan Performance Survey.
Milwaukee, WI, Approves 50-Story Mass Timber Project
The world’s tallest mass timber building could be built as part of a $700 million activation of the Marcus Performing Art Center garage snow pile, Wood Central reported.
US Fixed-Rate Mortgages Little Changed in the Week Ending July 25th
The 30-year fixed-rate mortgage averaged 6.78%, up from last week when it averaged 6.77%, Freddie Mac reported.
US Weekly Initial Jobless Claims Decline in the Week Ending July 20th
The advance figure for seasonally adjusted initial unemployment claims was 235,000, a decrease of 10,000 from the previous week.