According to the latest Fannie Mae Home Purchasing Sentiment Index® (HPSI) consumer confidence, in housing dipped 2.3 points in July, to a reading of 74.
Wood Markets News
Brazilian Exports of Wood Products Decline Further in June 2020
The International Tropical Timber Organization (ITTO) is reporting that Brazilian exports of wood products (with the exception of pulp and paper) declined -8.5% year-over-year in June 2020.
Commerce Department Announces Preliminary Determination in their Antidumping Duty Investigation of Wood Mouldings and Millwork Products into the U.S. from China but not Brazil
The U.S. Department of Commerce (Commerce) announced its preliminary determination in the antidumping duty (AD) investigation of imports of wood mouldings and millwork products from China.
Nonfarm Payroll Employment Increases by 1.8 million in July
The U.S. Bureau of Labor Statistics (BLS) is reporting that total nonfarm payroll employment rose by 1.8 million in July.
Norbord Announces Plans to Restart Line No.1 at Cordele Ga., OSB Mill Later in August
In their second quarter earnings report, Norbord announced that due to accelerating demand for OSB in North America, that they will be resuming a limited operating schedule, starting sometime in August, on Line 1 of its two-line Cordele, Georgia OSB mill.
Vietnam’s Wood and Wood Product Exports Increase in July
The Ministry of Agriculture and Rural Development of Vietnam is reporting that wood and wooden product exports in July were valued at $1.05 billion. A year-over-year increase of 6.2%.
FEA’s Weekly Order Survey Respondents are Reporting Their Sales Continue to Accelerate
Dealers responding to this week’s Weekly Order Survey remain positive about their current business’ status and are reporting that their sales continue to accelerate.
Freres Lumber Company Struggling to Find New Employees
Freres Lumber Co., Inc, headquartered in Lyons Oregon, has a unique and frustrating problem.
Housing Affordability Hits 18-Month Low in Second Quarter of 2020
According to the National Association of Home Builders (NAHB) /Wells Fargo Housing Opportunity Index (HOI), housing affordability declined in the second quarter of 2020.
Builder Confidence in 55+ Housing Market Back to Pre-Pandemic Level
According to the recently released National Association of Builders’ (NAHB) 55+ Housing Market Index (HMI) builder’s confidence in the single-family 55+ housing market increased 27 points to a reading of 65 in the second quarter.