Atlantic Plywood, a distributor of industrial wood products and a wholly owned subsidiary of Parksite, has announced that they are […]
Wood Markets News
Western Forest Products Inc. Announces Sale of Ownership Interests in TFL 44 LP and Alberni Pacific Division Sawmill to Huu-ay-aht First Nations
In what is being described as a historic announcement Western Forest Products Inc. (“Western”) and Huumiis Ventures Limited Partnership (“Huumiis”), a […]
Canadian Home Sales Increase 5.9% in February
Driven by accelerated sales in the Greater Toronto Area, the Canadian Real Estate Association (CREA) is reporting that Canadian homes […]
Canadian Consumer Confidence Drops to Lowest Level in a Year
The Bloomberg Nanos Canadian Confidence Index, is reporting that consumer confidence dropped to its lowest level in more than a […]
Shenzhen Relaxes Regulations for Builders to Counteract Plummeting Home Sales
The Housing and Construction Bureau in Shenzhen allowed showrooms to reopen and relaxed financing requirements for developers to help home […]
Federal Motor Carrier Safety Administration (FMCSA) Issues a National Emergency Declaration
For the first time in its history, the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) has issued […]
Federal Reserve Cuts Interest Rate to Near Zero and Eases Lending Rules
In a surprise announcement, on Sunday afternoon, The Federal Reserve cut its key interest rate to near zero, a dramatic […]
30-Year Fixed Mortgage Rate Ticks Up Slightly
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending March 12th, 2020. The PMMS shows […]
Goods Used in Residential Construction Decreased Slightly in February
According to the Bureau of Labor Statistics, Producer Price Index (PPI) prices paid for goods used in residential construction decreased […]
Will Low Mortgage Rates Be Enough to Bring Buyers Out to Look For a House?
The outlook for a booming springtime home buying season is being pared back by economists. The lowest mortgage rates on […]