The index for shelter rose 0.4% in January, accounting for nearly 30% of the monthly all items increase. The energy index rose 1.1% over the month.
Wood Markets News
US Mortgage Applications Increase in the Week Ending February 7
Mortgage loan application volume increased 2.3% on a seasonally adjusted basis from one week earlier, MBA reported.
US Existing-Home Buyers Seeing Largest Discounts in Nearly Two Years
The typical home is selling for 1.8% less than its asking price, the biggest discount in nearly two years, Redfin reported.
Western Forest Products Completes Sale of Private Land on Vancouver Island to Eastwood Forests
Western Forest Products completed the sale of 14,500 hectares of fee simple land on Vancouver Island to an affiliate of the Eastwood Climate Smart Forestry Fund I LP for CA$69.2 million.
Acadian Timber Acquires A & A Brochu
Acadian Timber Corp. has signed an agreement to acquire the assets of A & A Brochu, LLC and its affiliates for a total of US$4.8 million.
Value of Canadian Building Permits Increases 11.0% in December
The total value of building permits rose 11.0% to $13.1 billion (CAD) in December. On a constant dollar basis (2017=100), the value of building permits issued grew 8.8%.
MBA Mortgage Credit Availability Index Rises in January
The MBA Mortgage Credit Availability Index rose 2.5% in January to a reading of 99.0.
NFIB Small Business Optimism Index Retreats in January
The NFIB Small Business Optimism Index declined 2.3 points to a reading of 102.8 in January. Even with the decline, this marks the third consecutive month above the 51-year average of 98.
US Residential Vacancies and Homeownership Statistics for Q4
The rental vacancy rate of 6.9% was not statistically different from Q3 (6.9%). The homeowner vacancy rate of 1.1% was not statistically different Q3 (1.0%).
US Existing-Home Sales Slump Just as More New Listings Hit the Market
New listings of US homes for sale rose 7.9% year-over-year during the four weeks ending February 2, the biggest increase since the end of last year, Redfin reported.