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.
Wood Markets News
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.
Canada’s New Housing Price Index Unchanged in March
The Canadian New Housing Price Index was unchanged month-over-month but down 0.4% year-over-year in March.
Rayonier Announces Sale of 115,250 Acres of Timberland in Washington
Rayonier is selling 115,250 acres of timberland in Washington that it has owned for almost 80 years, the Peninsula Daily News reported.
Canadian Investment in Building Construction Declines in February
Investment in Canadian building construction declined 1.1% month-over-month to $19.3 billion in February.
Europe’s Pfeifer Group Optimizing Facilities to Meet Market Demand
Pfeifer Group has optimized manufacturing at its sawmill in Chanovice, Czech Republic, and its CLT facility in Schlitz, Germany, according to the Timber Trades Journal.
US Median Home Sales Price Increases 5% Year-Over-Year—Just Shy of All-Time High
The median price increased 5% year-over-year to $380,250, just $3,095 shy of the all-time high in June 2022.
State-Level Analysis of Construction Sector Employment for March
36 states and DC saw month-over-month gains in March, the BLS and NAHB reported. Overall, the industry added a net 39,000 jobs.
30-Year Fixed-Rate Mortgages Surpass 7%
The 30-year fixed-rate mortgage averaged 7.10%, up from last week when it averaged 6.88%, Freddie Mac reported.
US Existing-Home Sales Decline Month-Over-Month and Year-Over-Year in March
US existing-home sales fell 4.3% month-over-month in March to a seasonally adjusted annual rate of 4.19 million, NAR reported.