Total construction spending during April was estimated at a seasonally adjusted annual rate of $2,099.0 billion, 0.1% below the revised March estimate.
Wood Markets News
US Private Residential Construction Spending Inches Higher in April
Spending on private single-family construction crept 0.1% higher in April, the Census Bureau and NAHB reported. This marks the twelfth consecutive monthly increase.
EU Formally Adopts Extension of Birch Plywood Antidumping Measures for Kazakhstan and Turkey
The EU has formally adopted the extension of anti-dumping measures on birch plywood imports to include those from Kazakhstan and Turkey, Timber Industry Magazine reported.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in April
Brazilian exports of wood-based products (except pulp and paper) fell 9.0% in value year-over-year to $306.7 million in April, ITTO reported.
US National Interagency Fire Center Wildfire Update for Week Ending May 31st
There are currently eight large, uncontained wildfires being managed with full suppression strategies across the country, including three in Arizona, two in California, and one each in Colorado, Florida, and New Mexico.
Canadian Border Agent Strike Looms
A work stoppage as early as Thursday, June 6th at the Canada Border Services Agency (CBSA) could disrupt supply chains across North America, FreightWaves reported.
South Carolina Loggers Struggle With Mill Closures and Excess Wood Supply
ABC affiliate WPDE took an in-depth look at the impact that recently curtailed or permanently closed paper and pulp mills are having on South Carolina log harvesting companies.
Mortgage Application Payments Continue to Trek Higher in April
Homebuyer affordability declined further in April, with the national medium payment applied for by applicants increasing to $2,256, MBA reported.
New South Wales, Australia, Announces $13 Million Forestry Funding Package
New South Wales announced a $13 million (AUD) forestry funding package to provide much needed protection of critical timber supplies in the lead up to the next bushfire season.
US Personal Income and Outlays Data for April
Personal income increased 0.3% at a monthly rate in April; disposable personal income increased 0.2%; and personal consumption expenditures increased 0.2%.