The Carolina Loggers Association and a collation of 19 additional associations have joined with the American Loggers Council in requesting $2.5 billion from Congress to support American loggers’ directly.
Wood Markets News
Multifamily Construction Continues to Grow Faster in Lower Density Population Areas
In a deeper dive into the latest analysis of the NAHB Geography Index, single-family construction was shown to be growing at a faster pace in regions with lower population density.
Unemployment Rate Declines in May Just as Nonfarm Employment Rises Sharply
According to the Bureau of Labor Statistics (BLS) total nonfarm payroll in May rose by 2.5 million and the unemployment rate declined to 13.3%.
FEA’s Weekly Order Survey Reports Slower Paced Sales to Start June
Many dealers are reporting that better than anticipated sales for April and May, have given way to a somewhat slower pace to start June.
The University of Idaho’s Moscow Campus Central Credit Union Arena Features an All Idaho Engineered Wood Collaboration
The Central Credit Union Arena on the University of Idaho’s Moscow campus is set to become a unique showcase of the Idaho’s wood industry.
Study of Cross-Laminated Timbers for Highway Bridge Usage Underway
The use of cross-laminated timbers in exterior and partition walls, floors and roofs continues to gain popularity around the world. Could it be used for highway bridges too?
Weekly Jobless Claims Rise Another 1.877 Million for Week Ending May 30th
The U.S. Department of Labor is reporting that an additional 1.877 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, May 30th.
Mortgage Rates Tick Up Slightly
Freddie Mac has released its Primary Mortgage Market Survey for the week ending June 4th, 2020. The PMMS shows that 30-year fixed-mortgage rate averaged 3.18% with an average 0.7 point.
Home Prices Rise Nationally 5.4% Annually in April
According to CoreLogic home prices rose nationally 5.4% annually in April, a sharp increase from the 4.5% annual increase in March.
Mortgage Applications Decrease in Week Ending May 29th 2020
According to data from the MBA Weekly Mortgage Application Survey, for the week ending May 29th, 2020, the Market Composite Index decreased -3.9% on a seasonally adjusted basis from one week earlier.