New residential single-family home sales for March were at a SAAR of 693,000, 8.8% above the revised February rate of 637,000.
Wood Markets News
US Single-Family Home Prices Increase Month-Over-Month and Year-Over-Year in March
US home prices climbed 0.6% month-over-month, repeating February’s gain, the Redfin Home Price Index showed.
Fannie Mae Economic and Strategic Research Group Anticipates Interest Rates to Remain High in 2024
According to the ESR Group, stronger than expected economic and inflation data have pushed rates higher and financial markets to price in fewer cuts this year.
HS Timber Group Commissions New Sawmill in Argentina
Acon Timber, a joint venture between HS Timber Group and Forestcape Group, has commissioned a new sawmill in Argentina.
BIG, BNIM, and the University of Kansas Reveal New Mass Timber Building
BIG, BNIM, and University of Kansas have revealed a new mass timber building called the “Makers’ KUbe,” according to a feature by ParametricArchitecture.
Commercial and Multifamily Borrowing Decline Sharply in 2023; Off to a Slow Start in 2024
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decline from 2022, MBA reported.
West Fraser Completes the Sale of Its Quesnel River Pulp and Slave Lake Pulp Mills to Atlas Holdings
West Fraser has completed the sale of its Quesnel River Pulp mill in BC and its Slave Lake Pulp mill in Alberta to an affiliate of a fund managed by Atlas Holdings.
Alberta Gives First Wildfire Update of the Season: Activity Already Above Last Year
Alberta held its first weekly wildfire update, just days after a fire north of Obed Lake caused by a pipeline rupture quickly burned 60 hectares, Canadian Forest Industries reported.
Canadian Industrial Product and Raw Materials Price Indexes Post Month-Over-Month Increases in March
The Industrial Product Price Index (IPPI) increased 0.8% on a monthly basis, following a 1.1% increase in February. Year-over-year, the IPPI posted a 0.5% decline.
US National Interagency Fire Center Wildfire Update for the Week Ending April 19th
As of Friday, April 19th, 18 new large wildfires were reported in the last week. Currently, 3 large uncontained wildfires are burning in Kansas, North Carolina, and Virigina.