According to the NAHB’s 55+ Housing Market Index, builders confidence in the single-family 55+ housing market fell 30 to a reading of 38, in the first quarter of 2020.
Wood Markets News
Prospective Home Buyers Anticipate Their Home Search Will be Easier in the Months Ahead
The NAHB latest Housing Trends Report reveals that in the first quarter of 2020, 25% of prospective home buyers indicated that they are expecting their house search will be getting easier in the months ahead.
Mortgage Rates Reach All Time Low
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending April 30th, 2020.
Weekly Jobless Claims Rise Another 3.839 Million for Week Ending April 25th
The U.S. Department of Labor is reporting that an additional 3.839 million Americans made their initial filing for unemployment benefits during the week ending on Saturday April 25th.
FEA’s Weekly Order Survey Shows Lumber and Panel Sales to Builders Holding Steady in April
Many dealers are reporting that their sales in April have met or exceeded their initial expectations.
Billion Board Foot Club 2019 Rankings
The annual FEA-Canada Billion Board Foot Club of top global lumber companies, highlights producers that have reached the one billion board feet level (nominal count) of annual lumber production.
U.S. Commerce Department Announces New Deadlines for all Antidumping and Countervailing Duty Administrative Reviews due to COVID-19 Pandemic
In response to operational adjustments due to the Covid-19 virus pandemic, the U.S. Department of Commerce has announced new deadlines for all antidumping duty (AD) and countervailing duty (CVD) administrative reviews.
Oregon’s Forests Forever Group Asks Gov. Brown to Delay Corporate Activity Tax
Oregon’s timber industry, along with the rural business community is urging state lawmakers and Gov Kate Brown to temporarily suspend the recently approved new Corporate Activity Tax for 6-months to help business hard hit by the COVID-19 pandemic.
GDP Suffers First Decline Since 2014
The U.S. Bureau of Economic Analysis (BEA), is reporting that the U.S. economy declined in the first quarter of 2020, due to the impact of the COVID-29 virus pandemic.
Pending Home Sales Fall 20.8% in March
The National Association of Realtors® (NAR) has reported Pending Homes Sales Index (PHSI) fell -20.8% to a reading of 88.2 in March.