The Fannie Mae Home Price Index increased 7.4% year-over-year in Q1, up from 6.6% in 2023Q4.
Wood Markets News
Mortgage Applications Increase in the Week Ending April 12th
Mortgage loan application volume increased 3.3% on a seasonally adjusted basis from one week earlier, the MBA reported.
Mercer Mass Timber to Provide Mass Timber for the Theodore Roosevelt Presidential Library
Mercer Mass Timber has been selected to provide mass timber for the Theodore Roosevelt Presidential Library located in North Dakota.
US Housing Starts, Building Permits, and Completions All Decline in March
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.
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.