Home sales activity recorded over Canadian MLS® Systems declined 0.6% between April and May, CREA reported. Home prices moved sideways.
Wood Markets News
US National Interagency Fire Center Wildfire Update for June 17th
12 new large incidents were reported over the weekend, and a total of 17 large, uncontained wildfires are currently being managed under full suppression strategies, while 8 are being managed with strategies other than full suppression.
Canfor Schedules Two Curtailments at Its Fort St. John, BC, Sawmill
Canfor has announced two temporary curtailments of sawmill and planer operations in Fort St. John, BC, according to internal memos reviewed by Energeticcity.ca.
US Existing-Home Sales Decline in May as Home Prices Continue to Climb
US existing-home sales fell 1.7% month-over-month and 2.9% year-over-year on a seasonally adjusted basis, Redfin reported.
US Residential Building Materials Prices Little Changed in May
Inputs to residential construction, goods less food and energy, declined 0.09% in May, the BLS and NAHB reported.
Associated Builders and Contractors Construction Backlog Indicator Declines in May
The ABC Construction Backlog Indicator declined to 8.3 months in May. Year-over-year, the indicator is down 0.6 months.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for June
The University of Michigan’s Index of Consumer Sentiment declined to a reading of 65.6 in June. This is a month-over-month decline of 5.1% but up 2.2% year-over-year.
Maine’s College of the Atlantic Dedicates Second Mass Timber Building
The College of the Atlantic, located in Bar Harbor, Maine, recently completed and dedicated a second mass timber structure on its campus, Mainebiz reported.
Conifex Timber Announces Two-Week Curtailment at Its BC Sawmill
Conifex Timber is curtailing its sawmill and planer for a period of two weeks starting on Monday, June 17th. The reduced schedule will impact production by 8,500 Mfbm.
Fixed-Rate Mortgages Decline Further in the Week Ending June 13th
The 30-year fixed-rate mortgage averaged 6.95%, down from last week when it averaged 6.99%, Freddie Mac reported.