Privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,321,000. This is 14.7% below the revised February estimate of 1,549,000.
Wood Markets News
Canadian Housing Starts Decline in March
The monthly seasonally adjusted annual rate of housing starts in Canada declined 7% to 242,195 units in March, down from 260,047 in February.
BC Government Celebrates the Planting of 10-Billionth Tree in Its Reforestation Program
BC is celebrating the 10 billionth tree planted since reforestation programs began in 1930, with two billion those trees planted in the past seven years.
Mortgage Applications for New Home Purchases Move Higher in March
The Mortgage Bankers Association Builder Application Survey increased 1.0% month-over-month and 6.2% year-over-year in March.
Canadian Consumer Price Index Inches Higher in March
In March, the Canadian Consumer Price Index (CPI) increased 2.9% year-over-year. This follows a 2.8% gain in February.
BC Government Continues to Invest in the Forest Sector
BC Premier David Eby said the province is partnering with forestry manufacturers to build a strong forest-product sector through significant capital expansion in their operations.
US Builder Confidence Unchanged in April; Remains Above Breakeven Point
The National Association of Home Builders/Wells Fargo Housing Market Index held steady at a reading of 51 in April.
Sweden’s New Volvo Museum Features Modern Mass Timber Design
Spanning 236,000 square feet, the striking building is supported by 2,300 large wooden beams and 2,700 CLT boards, according to a feature by Forbes.
US National Interagency Fire Center Wildfire Update for the Week Ending April 12th
Year-to-date through April 12th, 9,458 wildfires were reported, and they have burned 1,754,439 acres.
Reduced Black Hill National Forest Timber Sales Lead Nieman Enterprises to Cut Production and Headcount at Its Spearfish, SD, Sawmill
Nieman Enterprises plans to reduce production and the headcount at Spearfish Forest Products, South Dakota Public Broadcasting reported.