The National Association of Realtors®, has reported that after two months so declines their Pending Homes Sales Index increased 44.3% to a reading of 99.6 in May.
Wood Markets News
Ashton Lewis Holding Company Acquires Assets of W.T. Jones & Sons Inc.
North Carolina based Ashton Lewis Holding Company, has announced that it has acquired the assets of W.T. Jones & Sons Inc., a sawmill located in the Ruther Glen Area, in Caroline County, Virginia.
Maibec Completes Acquisition of CanExel Brand and Production Facility from LP
Maibec® has announced that its acquisition of the CanExel® brand and production facility located in East River, Novia Scotia, which started in late February 2020 is now complete.
The Bureau of Economic Analysis Reports Personal Income Decreased in May
The Bureau of Economic Analysis (BEA) reports that personal income decreased in May to a seasonally adjusted annual rate (SAAR) of $19.839 billion.
Luxury Homes Sales Outpacing Rest of Housing Market
According to realtor.com’s Luxury Housing Reported, which was released on Thursday, June 25th, the luxury market is actually outpacing the rest of the housing market in both price growth and virtual and in person tours.
Consumer Sentiment Index Edges Higher in June
The University of Michigan’s Survey of Consumers revealed that the Index of Consumer Sentiment edged higher to 78.1 (final) in June from 72.3 in May.
Mortgage Forbearances Increase after Three Consecutive Weeks of Declines
According to Black Knight, a mortgage data research firm, mortgage forbearances rose this week, after three consecutive weeks of declines.
FEA’s Weekly Order Survey Results Showing Show Steady to Strong Sales
Dealers are reporting another week of steady to strong sales. Some dealers are anticipating that their sales might be a bit slower next week, as builders take a few days off to celebrate the 4th of July holiday.
After Several Months of Being Idle, Mosaic Forest Management Announces Resumption of Operations
Mosaic Forest Management has announced its intention to resume operations, ‘with the priority being on a safe return and with due consideration to provincial health guidelines related to the COVID-19’ pandemic.
CatchMark’s Triple T Joint Venture Amends Wood Supply Agreement with Georgia-Pacific
With the intention of achieving market-based pricing on timber sales, CatchMark, announced on Wednesday 6-24-20, that its Triple T joint venture has amended its wood supply agreement with Georgia-Pacific.