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.
Wood Markets News
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%.
Canadian GDP by Industry for March and Q1
Real GDP was essentially unchanged in March, following a 0.2% increase in February. Both goods-producing and services-producing industries were unchanged.
30-Year Mortgage Rate Climbs Back Above 7%
The 30-year fixed-rate mortgage averaged 7.03%, up from last week when it averaged 6.94%, Freddie Mac reported.
US Real GDP Increases at an Annual Rate of 1.3% in Q1, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 1.3% in Q1, following an increase of 3.4% in 2023Q4.