The COVID-19 pandemic has sparked many changes at jobsites.
Wood Markets News
Mortgage Rates Tick Higher, After Reaching All Time Low
The PMMS shows that 30-year fixed-mortgage rate averaged 3.26% with an average 0.7 point up from last week when it averaged 3.23%.
Housing Affordability Drops in First Quarter of 2020 Due to Economic Losses from the COVID-19 Pandemic
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), rising job losses in March, due […]
Weekly Jobless Claims Rise Another 3.839 Million for Week Ending May 2nd
An additional 3.169 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, May 2nd.
B.C.’s Forest Minister, Doug Donaldson Discusses Impact of COVID-19 on Beleaguered B.C. Forest Industry
In an interview with NL Newsday, British Columbia’s Forests Minister, Doug Donaldson, discussed the more than two dozen sawmills in B.C. that have had to curtail or shut down operations as a result of the COVID-19 pandemic.
Time Spent Searching for a Home Continues to Grow
Up until the onset of the COVID-19 pandemic (mid-March) home purchases for the first quarter of 2020 were on the upswing.
Mortgage Applications Increase Ever So Slightly in Week Ending May 1st 2020
For the week ending May 1st, 2020, the Market Composite Index, increased 0.1% on a seasonally adjusted basis from one week earlier.
USDA Forest Service Awards two $ 250,000 Grants for Wood Innovation Projects in Mississippi
The USDA forest service has announced that it is awarding two $250,000 grants for use in the development of wood innovation projects.
Georgia Pacific Announces it will Idle Indefinitely their DeQuincy Louisiana Sawmill
Georgia Pacific announced over the past weekend (5/2) that it plans on ceasing operations at its DeQuincy Louisiana sawmill operation.
U.S. Lumber Manufactures Speak Out Against Aid Programs for Canadian Lumber Production
The U.S. Lumber Coalition is calling into question recently announced and implied aid programs across Canada that are to benefit the Canadian lumber and forest products industry.