Investment in building construction increased 4.5% month-over-month to $20.4 billion (CAD) in March.
Wood Markets News
Single-Family Built-For-Rent Starts Expand 20% Year-Over-Year in Q1
There were approximately 18,000 single-family built-for-rent starts during Q1, 20% higher than 2023Q1, the Census Bureau and NAHB reported.
EU Extends Antidumping Tariffs on Imported Birch Plywood From Russia to Kazakhstan and Turkey
The extension follows an investigation which concluded that EU anti-dumping duties on imports of birch plywood from Russia were being circumvented by imports transshipped from Russia to Kazakhstan and Turkey.
Canadian Government Helps Manitoba Purchase Wildfire Suppression Equipment
Manitoba will invest $38.4 million (CAD) over four years to support its efforts to purchase wildland firefighting equipment to enhance provincial readiness.
The Conference Board US Leading Economic Index Continues to Decline in April
The Conference Board Leading Economic Index® decreased by 0.6% to 101.8 (2016=100) in April, following a 0.3% decrease in March.
State-Level Analysis of Construction Sector Employment for April
28 states reported month-over-month employment gains in April, the BLS and NAHB reported.
US Housing Starts and Completions Climb in April, but Permits Decline
Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,360,000, 5.7% above the revised March estimate of 1,287,000.
Alberta Launches Value-Added Wood Products Program
Alberta Forestry and Parks is collaborating with Alberta Wood WORKS! and the Alberta Forest Products Association to administer the Alberta Value-Added Wood Products Program.
Fixed-Rate Mortgages Fall in the Week Ending May 16th—Second Consecutive Drop
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%, Freddie Mac reported.
US Mortgage Delinquency Rate Up Quarter-Over-Quarter and Year-Over-Year
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94% of all loans outstanding at the end of Q1, MBA reported.