According to the Federal Reserve’s latest G.19 Consumer Credit Report, which tracks trends in consumer credit, excluding loans secured by real estate, in June consumer credit increased at a seasonally adjusted annual rate (SAAR) of 2.6% from the month of May.
Wood Markets News
Truckload Freight Rates for Spot Loads Continue to Increase
Typically, spot truckload freight rates decline in late July. However, this year has been anything, but typical and spot truckload rates have increased for the second week in a row according to DAT Solutions, which operates the DAT One Load Board Network.
Can Mass Timber Constructed Buildings Survive an Earthquake – Even “The Big One”?
The use of timbers in the building industry has been growing over the past decade.
COVID-19 Pandemic Slows Global Construction Activity in Q2 of 2020
According to the latest RICS Global Construction Monitor for Q2 2020, construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity.
Job Opening and Labor Turnover Survey (JOLTS) for June 2020
The Bureau of Labor Statistics (BLS) has posted its Job Opening and Labor Turnover Survey (JOLTS) for June 2020. According to the JOLTS report the number of job openings increased to 5.9 million as of the last business day of June.
Residential Construction Employment Increases Again in July
A deeper look at the Bureau of Labor Statistics (BLS) Employment Situation report for July 2020, shows that total nonfarm payroll employment rose by 1.8 million in July.
Fannie Mae is Reporting Consumer Confidence in Housing Dipped in July.
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.
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.