The Conference Board, a non-partisan, not-for-profit think tank, founded in 1916, on Tuesday (4-30-24), released its Consumer Confidence Index® (CCI) for April 2024. The CCI Index declined in April for the third consecutive month, falling to a reading of 97.0 from a downwardly revised March reading of 103.1.
Wood Markets News
S&P CoreLogic Case-Shiller Reports a 6.4% Gain in February 2024
On Tuesday (4-30-2024), S&P CoreLogic Case-Shiller released its U.S. National Home Price NSA Index for February 2024. The Index which covers all nine U.S. Census divisions, revealed that 18 out of the 20 major metro markets reported month-over-month (Jan. 24 – Feb. 24) price increases.
FHFA’s House Price Index Increases for February 2024
The Federal Housing Finance Agency (FHFA) reported on Tuesday (4-30-24), its House Price Index (FHFA HPI®) for February 2024. According to the HPI, U.S. home prices increased 1.2% from January. Year-over-year (Feb.23 – Feb. 24) U.S. house prices increased 7.0%.
Canadian Gross Domestic Product Increased in February 2024
Statistics Canada (StatCan) reported on Tuesday (4-30-24), that Canadian real gross domestic product (GDP) increased 0.2% in February, following a 0.5% gain in January. Overall, 12 of the 20 sectors reported increases in February.
Teal Jones Files for Creditor Protection at BC Supreme Court
On Thursday, BC-based Teal Jones filed for creditor protection at the BC Supreme Court, Global News reported.
NAHB Releases Updated 2024 Priced Out Estimates for New-Home Buyers
The new NAHB estimates show that affordable housing is a serious problem even before any further price or interest rate increases.
Is This the Future of Building? CBS Saturday Morning Takes an In-Depth Look at Mass Timber
CBS Saturday Morning News takes an in-depth look at the “fascinating” use of wood and mass timber in today’s construction world.
US National Interagency Fire Center Wildfire Update for the Week Ending April 26th
As of April 26th, 10 new large wildfires were reported during the week. Currently, 4 large uncontained wildfires are burning in Arizona, Colorado, and Virigina.
A Tour of Mercer Mass Timber’s Conway, AR, Manufacturing Facility
Mercer Mass Timber has offered a profile of its 283,000-square-foot mass timber manufacturing facility in Conway, Arkansas.
US Median Existing-Home Sales Price Up 5.2% Year-Over-Year in April; Hits Record High
Redfin reported that in the four-week period ending April 21st, the median existing-home sales price hit a record $383,725, up 5.2% from a year earlier.