According to data recently released by the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey the minority homeownership rated for the first quarter of 2020 increased.
Wood Markets News
Q3 2019 Absorption Rate for Apartment Holds Steady
According to data from the U.S. Census Bureau’s Survey of Market Absorption the absorption rate of unfurnished, unsubsidized apartments remained essentially flat.
Homes For Sale Inventory Maybe Increasing . . . But Affordability Remains a Significant Issue
Last week’s Housing Trend Report (HTR) for the first quarter of 2020, gave buyers reason to hope that the recent tightness in the available homes for sale inventory was easing.
Resolute Forest Products Announced Temporary Worker Layoffs
Resolute Forest Products Inc. has announced that it is temporarily laying off more than 1,000 workers, mainly in Quebec because of the COVID-19 pandemic.
Canfor to Reopen Two 2 B.C. Area Sawmills – Others Will Remain Closed for Now
Canfor has announced that it plans to reopen two B.C. area sawmills on Monday, 11th May.
Conifex Timber Announces the Extension of the Mackenzie Sawmill Temporary Production Curtailment for an Additional 4-Weeks
Conifex Timber Inc. has announced that it is extending its temporary production curtailment at its Mackenzie British Columbia sawmill.
Redwood Forest Have a Significant Role to Play in California’s Climate Change Strategy
Newly published research from Humboldt State University and the Save the Redwood League confirms the significant role that the redwood forests can play in California’s strategy to address climate change.
Pandemic Expected to Diminish 2020 Remodeling Spending in Top Metro Areas
Expenditures for home improvements to the owner-occupied housing stock are anticipated to decline in most of the nation’s largest metropolitan areas this year in response to the severe economic impacts of the COVID-19 pandemic.
U.S. Consumer Comfort Index Levels Record Smallest Decline in Six Weeks
According to Bloomberg, American consumer confidence fell for a sixth straight week.
Construction Spending in March Increases
The U.S. Census Bureau has announced that total construction spending during the month of March was estimated at a seasonally adjusted annual rate (SAAR) of $1,360.5 billion.