Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 6th August 2020.
A new publication entitled Mass Timber Building and the IBC has been jointly released by the American Wood Council (AWC) and International Code Council (ICC).
According to the National Association of Home Builders (NAHB), near record and record high lumber prices, supply chain disruptions, along with U.S. imposed tariffs on Canadian softwood lumber imports are all contributing to price volatility in the marketplace.
According to the July ADP National Employment Report®, private sector employment increased by 167,000 jobs from June to July.
The Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey for July 26th, reports that the total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers’ portfolio volume in the prior week to 7.67% as of July 26th, 2020.
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending July 31st, 2020, the Market Composite Index decreased -5.1% on a seasonally adjusted basis from one week earlier.
An unexpectedly wet summer, to date, in the North – Central interior of British Columbia has helped to keep wildfires unusually low.
The 10-year U.S. Treasury note is traditionally a stand-in measure of the risk-free rate that the U.S. government offers on debt. However, although the 10-year U.S. Treasury note experienced a downward trend in July, dipping below 0.6%, mortgage rate through July failed to decrease proportionately.
In their Q-2 Financial Report, Resolute Forest Products announced that they are moving forward with their plans to reopen the El Dorado Arkansas sawmill, which was closed indefinitely in August 2019, due to slumping lumber prices.
Patrick Industries has announced that it has completed their acquisition of Inland Plywood Company. Inland is the predominate supplier, laminator, and wholesale distributor of treated and untreated laminated plywood, medium density overlay panels and other specialty products to the marine, recreational vehicle (RV) and industrial markets.