The University of Michigan Index of Consumer Sentiment declined to 69.1 in May, a month-over-month decline of 10.5% but up 17.1% year-over-year.
Wood Markets News
US New Residential Single-Family Home Sales Decline in April
New residential single-family home sales for April were at a SAAR of 634,000, 4.7% below the revised March rate.
Oregon Department of Forestry Begins Implementing 20-Year Landscaping Resiliency Strategy
The Oregon Department of Forestry announced that it and its local, state, and federal partners have started implementing the 20-year Landscaping Resiliency Strategy.
30-Year Mortgage Rate Drops Below 7% in the Week Ending May 23rd
The 30-year fixed-rate mortgage averaged 6.94%, down from last week when it averaged 7.02%, Freddie Mac reported.
Canadian New-Home Prices Inch Higher in April
The New Housing Price Index (NHPI) increased 0.2% monthly in April, led by higher prices in large urban centers.
US Weekly Jobless Claims Decline in the Week Ending May 18th
The advance figure for seasonally adjusted initial unemployment claims was 215,000, a decrease of 8,000 from the previous week.
Canadian Unemployment Edges Higher in March
470,000 Canadians received regular Employment Insurance (EI) benefits in March, up 0.1%, or 400, from February’s level.
Mass Timber Observation Tower Opens in Southern Germany
In a feature by Archinect, University of Stuttgart professor Achim Menges shared details of a new tower project after its realization earlier this month in southern Germany.
Kronospan Acquires Woodgrain’s Island City, OR, Particleboard Facility
Kronospan, an Austria-based producer of wood panel products, announced it has acquired Woodgrain’s particleboard manufacturing facility in Island City, Oregon.
Makah Tribe of Neah Bay, WA, Celebrates Opening of Its New Sawmill
The Makah Tribe in Neah Bay, Washington, will host the grand opening of its new sawmill on Thursday, May 30th, MyCallamCounty reported.