U.S. house prices rose in the first quarter of 2020, up 1.7%.
Wood Markets News
New Home Sales Modestly Rise in April
Sales of new single-family homes in April 2020 were at a seasonally adjusted annual rate of 623,000, 0.6% above the revised March rate.
Intelligent Wood Becomes the Urban Building Material of the Future
Architects are rediscovering wood as an excellent building material for urban spaces.
Roseburg Forest Products Publishes its Eighth Certified Environmental Product Declaration
Roseburg Forest Products has published its eighth certified Environmental Product Declaration (EPD).
9% of all U.S. Mortgages in COVID-19 Forbearance
According to the data from latest McDash Flash Forbearance tracker, approximately 9% of all mortgages are in forbearance.
Canadian Retail Sales Decline a Record 10% in March
Statistics Canada is reporting that Canadian retail sales plunged 10% in March. The result of officials shuttering non-essential business to slow the spread of the COVID-19 pandemic.
After Four Straight Years of Decline Median Single-Family Size Increases in First Quarter of 2020
Over the past several years builders have been trying to construct more affordable – entry-level homes. In order to do that the size of the average starter home has been shrunk.
NAFTA Panel Affirms ITC’s Determination of U.S. Softwood Lumber Decision
In response to a 5-0 decision, in which a NAFTA panel affirmed an International Trade Commission’s (ITC) findings that the U.S. softwood lumber industry has been materially injured by Canadian subsidies to their forest products industry…
U.S. Imports of Tropical Hardwood Veneers Increases by 56% in March
According to a report issues by the International Tropical Timber Organization U.S. imports of tropical hardwood veneer recover from a dismal February as March imports rose by 56%.
Interfor Announces Upcoming Curtailment at Gilchrist Oregon Facility
Interfor Corporation has announced that due to a challenging economic situation, coupled with the difficulties presented by the COVID-19 pandemic, it is planning on curtailing operations at its Glichrist Oregon facility, starting in late June.