The NAHB/Wells Fargo Housing Market Index declined 5 points to a reading of 42, the lowest level in five months.
Wood Markets News
Canadian Existing-Home Sales Decline Just as New Listings Surge in January
Existing-home sales activity recorded over Canadian MLS® Systems was down 3.3% in January, CREA reported.
TCRC-MWED Ratifies Four-Year Agreement With CPKC
Teamsters Canada Rail Conference Maintenance of Way Employees Division has ratified a new four-year collective agreement with CPKC.
Canadian Consumer Price Index Increases 1.9% Year-Over-Year in January
The Consumer Price Index (CPI) rose 1.9% year-over-year in January, following an increase of 1.8% in December.
Quebec’s Cecobois Launches New Campaign to Promote Wood Construction
The campaign aims to promote wood as a viable, low-carbon material for construction projects in Quebec, Sustainable Biz Canada reported.
Canadian Housing Starts Rise 3% in January
The total monthly seasonal adjusted annual rate of housing starts for all areas in Canada increased 3% in January to 239,739 units, CMHC reported.
Ireland’s Timber Industry Seeks Government Support Following Wind Storm Damage
The Irish timber industry is seeking government support to evaluate, harvest, and replant large volumes of woodland nationwide, Business Post reported.
Vietnam’s Wood Exports to the US Up 7% in Value in December
Vietnam’s wood and wood product exports to the US in December reached US$887.4 million, up 7% compared to November and up 19% year-over-year.
Canada Escalating Logging and Prescribed Fire to Reduce Wildfire Risk to the Banff Townsite
Parks Canada is ramping up plans for logging and prescribed fire work to reduce the risk of a catastrophic wildfire to the Banff townsite, the St. Albert Gazette reported.
Credit Availability Tightened for US Builders in Q4
Credit tightened further in Q4, according to NAHB and Federal Reserve surveys.