US home prices rose 0.6% month-over-month in January on a seasonally adjusted basis, a tick faster than the 0.5% growth in each of the three months prior, Redfin reported.
Wood Markets News
US Mortgage Applications Decline in the Week Ending February 14
Mortgage loan application volume decreased 6.6% on a seasonally adjusted basis from one week earlier, MBA reported.
Södra Supplying CLT for Gothenburg Grand Central in Sweden
Södra, in partnership with Hybridge, is supplying 9,100 square meters of CLT for Gothenburg Grand Central in Gothenburg, Sweden.
US Builder Confidence Drops to Five-Month Low in February
The NAHB/Wells Fargo Housing Market Index declined 5 points to a reading of 42, the lowest level in five months.
Canadian Existing-Home Sales Decline Just as New Listings Surge in January
Existing-home sales activity recorded over Canadian MLS® Systems was down 3.3% in January, CREA reported.
TCRC-MWED Ratifies Four-Year Agreement With CPKC
Teamsters Canada Rail Conference Maintenance of Way Employees Division has ratified a new four-year collective agreement with CPKC.
Canadian Consumer Price Index Increases 1.9% Year-Over-Year in January
The Consumer Price Index (CPI) rose 1.9% year-over-year in January, following an increase of 1.8% in December.
Quebec’s Cecobois Launches New Campaign to Promote Wood Construction
The campaign aims to promote wood as a viable, low-carbon material for construction projects in Quebec, Sustainable Biz Canada reported.
Canadian Housing Starts Rise 3% in January
The total monthly seasonal adjusted annual rate of housing starts for all areas in Canada increased 3% in January to 239,739 units, CMHC reported.
Ireland’s Timber Industry Seeks Government Support Following Wind Storm Damage
The Irish timber industry is seeking government support to evaluate, harvest, and replant large volumes of woodland nationwide, Business Post reported.