Mortgage loan application volume increased 0.04% on a seasonally adjusted basis from one week earlier, MBA reported.
Wood Markets News
US Job Cuts Fall in June; Lowest Monthly Total Since December
US employers announced 45,849 job cuts in June, down 53% from May and 4% from a year ago, CG&C reported.
Canadian GDP by Industry for April
Canadian real GDP by industry rose 0.5% in April, partially offsetting March’s decline, while StatCan’s advance estimate showed a 0.1% gain in May.
US Continues Duties on Chinese Wood Mouldings and Millwork Products
The US will continue antidumping and countervailing duty orders on Chinese millwork products after the Commerce Department and the ITC completed sunset reviews.
Junken New Zealand Plans to Close Kaitāia Mill After No Buyer Found
Junken New Zealand plans to close its Kaitāia-based Northland Mill after failing to find a buyer, 1News reported.
US Declines to Renew USMCA Extension as Mandatory Review Process Begins
The US is expected to forgo a 16-year extension of USMCA, triggering the agreement’s mandatory annual review process while the pact remains in effect.
US FHFA House Price Index Edges Lower in April but Remains Higher Year-Over-Year
US home prices slipped 0.1% in April from March but remained up 2.0% year-over-year, according to the Federal Housing Finance Agency.
US Homeowners Take on Fewer Improvement Projects but Spend More in Q1
Fewer US homeowners completed improvement projects in Q1, but average spending per project rose 36.0% year-over-year to $5,368, HIRI reported.
S&P Cotality Case-Shiller Index Reports 0.8% Annual Gain in US Home Prices in April
US home prices rose 0.8% year-over-year in April, up from a 0.7% gain in March, according to the S&P Cotality Case-Shiller Index.
US Job Openings and Labor Turnover Summary for May
US job openings totaled 7.6 million in May, with hires at 5.2 million and separations at 5.1 million, the BLS reported.