When it comes to buying a home and getting a mortgage most potential home buyers have at least some familiarity with Fannie Mae and Freddie Mac.
Wood Markets News
FEA’s Weekly Order Survey – Dealers Outlook Remains Up Tempo
Dealers responding to this week’s Builder Activity Survey, noted that the uptick in June housing starts and permits, existing home sales, along with continuing record low mortgage interest rates and a drop in overall unemployment have all contributed to their upbeat outlook for their sales in the months ahead.
Mass Timber Construction A Perfect Fit with Corporate Sustainability and Human Resource Goals
Architects throughout Canada are calling for wood to once again become the building material of choice.
American Wood Council Praises Department of Defense Potential Use of Mass Timber Construction
Amendment 358 to the National Defense Authorization Act (NDAA) for Fiscal Year 2021, is being lauded by the American Wood Council (AWC).
Russian Sawn Wood Exports Down -9.8% Year-On-Year for the Period of January – May 2020
According to data provided by the RF Federal Customs Services, Russia’s exports of sawn goods were down -9.8% year-on-year for the period of January – May 2020.
Housing Availability Shows Modest Signs of Improvement in Latest Housing Trend Report
The National Association of Home Builders (NAHB) latest Housing Trend Report (HTR) reveals that overall buyers anticipate that it might be slightly easier to find and buy a home in the second half of 2020.
Weekly Jobless Claims Climb Higher in the Week Ending July 18th Streak of 15 Weeks of Declines Ends
The U.S. Department of Labor is reporting that an additional 1.416 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, July 18th.
U.S. Commerce Enforcement and Compliance Division adding 60 Additional Days onto All Antidumping and Countervailing Duty Reviews
Deadline for all antidumping (AD) and countervailing duty (CVD) administrative reviews pushed back 60 days, which will delay the anticipated duty adjustments on Canadian softwood lumber entering the U.S.
B.C. Sawmills High Operating Costs Slows Province and Industry Recovery
The British Columbia forest industry was deteriorating prior to the COVID-19 pandemic. Since mid-2019, B.C. has experienced a disproportionately high number of sawmill closures and curtailments compared with other states and provinces.
Existing-Home Sales Rise 20.7% in June
The National Association of Realtors® (NAR) is reporting that total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 20.7% from May to a seasonally adjusted annual rate of 4.72 million in June.