According to the International Tropical Timber Organization (ITTO) the value of Brazilian exports of wood-based products (except pulp and paper) increased 76% in value year-over-year from US$235.5 million, in May 2020, to US$414.8 million in May 2021.
Wood Markets News
Canadian Consumer Confidence Hits New Record High in Latest Bloomberg Nanos Research Group Polling
According to the latest Nanos Research Group polling, conducted on behalf of Bloomberg News, Canadian consumer sentiment reached a new record high in the week ending July 2nd, 2021. The Bloomberg Nanos Canadian Confidence Index jumped to 66.4 last week, the highest reading since surveys began in 2008.
The Consumer Financial Protection Bureau Finalizes Amendments to Help Protect Mortgage Borrowers from Unwelcome Surprises
The Consumer Financial Protection Bureau (CFPB) a Federal Government Agency, has just finalized amendments to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out. The amendments will also help protect mortgage borrowers from unwelcome surprises as the exit forbearance plans.
Roseburg Forest Products Announces Plans to Build State-of-the-Art Sawmill in Weldon, North Carolina
Roseburg Forest Products announced on Thursday, July 1st, 2021, that it intends to build a new high-capacity lumber mill in the town of Weldon, Halifax County, North Carolina.
New Listing of Homes For Sale Increase in June – Good News for Buyers
Realtor.com is reporting in their Monthly Housing Report for June 2021, that new listings showed signs of a comeback , as home prices broke a new record for the fifth months in a row at $ 385.000.
Total Value of Canadian Building Permits Decline -14.8% in May
Statistics Canada (StatCan) is reporting that following four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (C$) or -14.8% to $9.5 billion in May.
Mortgage Rates Fall Below 3% in the Week Ending July 1st, 2021
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 1st 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 2.98% with an average 0.6 point, down from last week when it averaged 3.02%.
Total Nonfarm Payroll Increases by 850,000 in June – Unemployment Holds Steady at 5.9%
The U.S. Bureau of Labor Statistics (BLS) reported today, Friday, July 2nd, 2021, that Total nonfarm payroll employment rose by 850,000 in June, following increases in May of 583,000 and 269,000 in April.
Georgia-Pacific Confirms Minimal Fire Damage at their Newberry S.C. Plywood Facility
A Georgia-Pacific spokesperson is confirming that a fire in the plywood portion of their Newberry South Carolina facility, reported just before midnight on Monday (6-28-21) was relatively minor and that internal systems helped to suppress the flames before they could spread.
Further Analysis of U.S. Census Bureau Construction Spending Data for May
A deeper dive into the U.S. Census Bureau Construction Spending data, for May, with further analysis provided by the National Association of Home Builders (NAHB) reveals that that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion.