The 30-year fixed-rate mortgage averaged 6.87%, up from last week when it averaged 6.74%, Freddie Mac reported.
Wood Markets News
The Conference Board’s US Leading Economic Index® Creeps Higher in February
The Conference Board’s Leading Economic Index® increased 0.1% in February, following a decline of 0.4% in January.
Complex Engineering Behind PDX’s Mass Timber Terminal Project
The Engineering News-Record has provided an in-depth update on the progress of Portland International Airport’s new terminal.
US Weekly Jobless Claims Move Lower in the Week Ending March 16th
The advance figure for seasonally adjusted initial unemployment claims was 210,000, a decrease of 2,000 from the previous week.
Alberta Officials Welcome Mondi Group to the Province After Its Purchase of Hinton Pulp Mill
Mondi recently completed the purchase of the Hinton Pulp mill from West Fraser.
Federal Reserve Leaves Interest Rates Unchanged; Still Plans Three Rate Cuts in 2024
The Federal Reserve announced it was holding interest rates steady and made no changes to its forecast that it will be necessary to cut rates three times in 2024, Yahoo Finance reported.
Mortgage Applications Decline as Mortgage Rates Rise in the Week Ending March 15th
Mortgage loan application volume declined 1.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
US Home Prices Climb 0.6% Month-Over-Month in February, Returning to Pre-Pandemic Average
The Redfin Home Price Index showed that US home prices climbed 0.6% month-over month in February, on par with the average gain in the years leading up to the pandemic.
UK Startup Hopes to Change How Affordable Housing is Built Across Europe and the US
AUAR has just raised £2.6m to kickstart plans to build affordable homes across Europe and the US, according to a recent profile by sifted.
Canadian Job Vacancies Decline at a Slower Rate in 2023Q4
In 2023Q4, job vacancies in Canada fell by 3.6%, or 25,400, to 678,500. The job vacancy rate decreased 0.1 percentage point to 3.8%.