The FHFA House Price Index declined 0.1% month-over-month in January. Year-over-year, prices increased 6.3%.
Wood Markets News
Typical US Household Earns $30K Less Than Needed to Afford a Median-Priced Home
As of February, the estimated median US household earns $29,448 less than it needs to afford the median-priced home, Redfin reported.
S&P CoreLogic Case-Shiller US Home Price Index Reports 6.0% Annual Gain in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index rose 6.0% year-over-year in January, up from 5.5% in December.
Mass Timber Design Revealed for the Marengo Multimodal Hub in Toulouse, France
Bjarke Ingels Group and A+ Architects have revealed the design for the 12,000-square-meter (129,167 square feet) Marengo Multimodal Hub in Toulouse, France, ArchDaily reported.
The Conference Board Consumer Confidence Index Inches Lower in March
The Conference Board Consumer Confidence Index® declined to a reading of 104.7 (1985=100) in March, down from 104.8 in February.
New US Residential Single-Family Home Sales Down Slightly Month-Over-Month but Up Year-Over-Year in February
New residential single-family home sales for February were at a seasonally adjusted annual rate (SAAR) of 662,000, 0.3% below the revised January rate.
Roseburg Forest Products Selects IMA Schelling for New MDF Plant Technology in Dillard, OR
Roseburg Forest Products has selected IMA Schelling to deliver their new state-of-the-art MDF plant in Dillard, Oregon, IMA Schelling recently announced.
Existing US Homes For Sale Increased 5% and New Listings Rose 15% During the Four-Week Period Ending March 17th
Redfin reported that during the four-week period ending March 17th, the total number of US homes for sale climbed 5%, the largest year-over-year increase since May 2023.
Vancouver Offering Rezoning Incentive to Promote Mass Timber Construction
Vancouver is increasing its commitment to sustainable construction with a new set of incentives aimed at promoting mass timber, Construction Canada reported.
Metsä Group to Construct Demo Plant for Lignin Refining in Connection With Its Äänekoski, Finland, Bioproduct Mill
Metsä Group will construct a demo plant for lignin refining in connection with its Äänekoski, Finland, bioproduct mill. The plant’s daily capacity will be two tons of the lignin product.