Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 1.2% in January, the BLS and NAHB reported.
Wood Markets News
Investment in Canadian Building Construction Increases 1.9% in December
Investment in building construction rose 1.9% to CA$21.8 billion in December, with gains recorded across all components.
SCM to Provide Timberlab With Technologies for Its New Millersburg, OR, Plant
Timberlab is partnering with SCM, a leading Italian manufacturer of machinery and systems for the woodworking industry.
Boston University Unveils Plans for Tallest Timber Tower in Massachusetts
Boston University unveiled designs for a new academic building that would become the tallest mass timber tower in Massachusetts, Bankers & Tradesman reported.
US National Interagency Fire Center Wildfire Update as of February 14
Five large new wildfires were reported this week, with three of these fires contained.
US Existing-Home Supply at 2020 High, Sales at 2020 Low
Homebuyers have the most options since 2020, but few are biting because of high monthly payments, Redfin reported.
US Mortgage Rates Inch Lower in the Week Ending February 13
The 30-year fixed-rate mortgage averaged 6.87%, down from last week when it averaged 6.89%, Freddie Mac reported.
Southern Pine Lumber Exports Fall 2.2% in December
Southern pine exports (both treated and untreated) totaled 565.7 MMBF in 2024, an 11% increase compared to 2023, the SFPA and USDA reported.
NAHB Multifamily Market Survey Shows Mixed Results for Q4
The NAHB Multifamily Market Survey’s Multifamily Production Index (MPI) increased 7 points year-over-year to a reading of 48, still below the break-even point of 50.
US Producer Price Index for Final Demand Up 3.5% Year-Over-Year in January
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.4% in January.