The FHFA House Price Index rose 0.2% in January. Year-over-year, prices increased 4.8%.
Wood Markets News
S&P CoreLogic Case-Shiller Index Reports 4.1% Annual Gain in US Home Prices in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.1% in January, a slight increase from December.
Canada and Quebec Announce Investments in Sustainable Wood Construction
Canada and Quebec announced a joint contribution of over CA$8.5 million for four projects that will promote green construction in Quebec.
US Consumer Confidence Index Declines for Fourth Consecutive Month in March
The Conference Board Consumer Confidence Index declined 7.2 points to a reading of 92.9 (1985=100).
Peab and Södra Announce Cooperation Agreement for Sustainable Framing Solutions
Södra and Peab AB announced an exclusive cooperation agreement that will jointly drive climate transition in the construction industry.
Nonresidential Construction Backlog Declines in February; Contractor Optimism Remains High
The ABC Construction Backlog Indicator declined to 8.3 months in February. Year-over-year, the measure was up 0.2 months.
Union Pacific and National Conference of Firemen and Oilers Reach Tentative Agreement
Union Pacific and the National Conference of Firemen and Oilers announced a tentative agreement has been reached and will be sent to NCFO members for ratification.
NAHB Priced-Out Estimates Show Lower Interest Rates Have Improved Housing Affordability
NAHB Priced-Out Estimates show how home price increases and mortgage rates affect housing affordability in 2025.
US National Interagency Fire Center Wildfire Update as of March 21
50 uncontained wildfires are burning in 16 states. On Thursday alone, 15 new large wildfires were reported in the Southern, Rocky Mountain, and Eastern areas.
UK to Plant First National Forest in 30 Years
The Western Forest will see 20 million trees set to be planted across the West of England in the coming decades, creating at least 2,500 hectares of new woodland.