John Hogan, in a call with representatives of COFI announced the appointment of Ravi Kahlon, to lead the expansion and use of mass timber in B.C. buildings.
Wood Markets News
Georgia Legislature Takes Steps to Allow Mid-Rise Buildings Constructed of Mass Timbers
The Georgia Assembly on Tuesday (6/16) cleared the way for builders and developers to construct mid-rise buildings built mostly of wood.
May Housing Starts & Strong Building Permits Point to Better Building Times Ahead
The U.S. Census Bureau is reporting that Privately-owned housing starts in May were at a seasonally adjusted annual rate of 974,000.
Mortgage Applications Increase in Week Ending June 12th 2020
According to data from the MBA Weekly Mortgage Application Survey, for the week ending June 12th, 2020, the Market Composite Index, increased 8.0% on a seasonally adjusted basis from one week earlier.
Canadian and American Wood Councils Jointly Release Updates for 6 Environmental Product Declarations for North American Wood Products
The Canadian Wood Council (CWC) and American Wood Council (AWC) have jointly released updates for six environmental product declarations (EPDS) for North American wood products.
Fannie Mae’s Latest Forecast Anticipates Record Breaking Low Mortgage Rates to Decline Further
According to the latest Fannie Mae forecast, which was released on Monday June 15th, the lowest mortgage rates on record are about to be moving even lower.
Canadian Consumer Confidences Rises for Seventh Week in a Row
The Bloomberg Nanos Canadian Confidence Index is reporting that Canadians confidence in their economy rose for the seventh week in a row to 42.86 last week.
Existing Home Sales in Canada Surge in May
Existing Canadian home sales rose 56.9% month on month in May. This as they recover from their weakest levels on record in April, the result of the COVID-19 pandemic and shelter in place restrictions.
Builder Confidence Rockets Higher in June
According to the latest NAHB / Wells Fargo Housing Market Index (HMI) for June, builders’ confidence in the market for newly built single-family homes increased to 21 points to a reading of 58.
China’s Economy is Reopening and Home Prices Hit Seven Month High
According to National Bureau of Statistics data, China’s home prices in May, rose at the fastest pace in the past seven-month period.