The European Panel Federation said European wood-based panel production declined by a “disappointing” 6.3% in 2023, Timber Trades Journal reported.
Wood Markets News
Mortgage Applications Increase in the Week Ending June 21st
Mortgage loan application volume increased 0.8% on a seasonally adjusted basis from one week earlier, MBA reported.
Two New South Australia Colleges to Be Built With Materials From Timberlink’s NeXTimber Facility
The South Australia government has announced that the state’s two new technical colleges will be built with South Australian-sourced timber from Timberlink Australia’s new NeXTimber facility, Australian Rural & Regional News.
FHFA Home Price Index Increases in April
According to the FHFA HPI, US house prices increased 0.2% month-over-month in April, seasonally adjusted. Year-over-year, house prices climbed 6.3%.
S&P CoreLogic Case-Shiller US Home Price Index Reports 6.3% Annual Gain in April
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported an annual gain of 6.3% in April, following a 6.5% gain in March.
US Consumer Confidence Index Declines in June
The Conference Board Consumer Confidence Index® (CCI) declined to a reading of 100.4 (1985=100) in June, down from 101.3 in May.
Share of Mortgage Loans in Forbearance Inches Lower in May
The total number of loans in forbearance as of May 31st was 0.21% of servicers’ portfolio volume, according to the Mortgage Bankers Association.
Canadian Consumer Price Index Inches Higher in May
The Canadian Consumer Price Index (CPI) increased 2.9% year-over-year in May, up from a 2.7% gain in April.
Tafisa Provides Update After Explosion at Its Lac-Mégantic, QC, Particleboard Facility
Due to the explosion at a particleboard line on June 14th at Tafisa’s Lac-Mégantic, Quebec, facility, some customers will be impacted and their orders delayed, Woodworking Network reported.
Biden Administration Advances Restrictions on Logging in Old-Growth Forests
The plan would restrict logging within old-growth forests that are increasingly threatened by climate change, with exceptions that include cutting trees to make forests less susceptible to wildfires, AP reported.