New residential single-family home sales for January fell to a seasonally adjusted annual rate of 657,000, a 10.5% decline.
Wood Markets News
US East and Gulf Coast Dockworkers Ratify Six-Year Agreement With US Maritime Alliance
Members of the International Longshoremen’s Association approved a six-year contract agreement with the US Maritime Alliance, the AP reported.
Mortgage Applications Decline in the Week Ending February 21
Mortgage loan application volume decreased 1.2% on a seasonally adjusted basis from one week earlier, MBA reported.
CPKC Mechanical Employees Union Ratifies New Four-Year Contract
CPKC said that Unifor—representing approximately 1,200 staff across Canada—has ratified a new four-year collective agreement.
StructureCraft Launches Separate DowelLam Brand
StructureCraft is launching DowelLam, a dedicated division for dowel-laminated timber (DLT).
US Multifamily “Missing Middle” Posts Year-Over-Year Gain in Q4
There were 5,000 2- to 4-unit housing unit construction starts in 2024Q4, up 25% from 2023Q3, NAHB reported.
Boise Cascade Details Its $140-Million Investment in Three Alabama and Louisiana Facilities
Boise Cascade shared additional details regarding its previously announced $140-million investments in its Alabama and Louisiana facilities in support of its EWP growth strategy.
Price Gap Between New and Existing US Homes Continues to Shrink in Q4
The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024, the Census Bureau, NAR, and NAHB reported.
FHFA Home Price Index Increases 4.5% Year-Over-Year in Q4
The FHFA House Price Index rose 4.5% year-over-year in Q4. Compared to Q3, prices were up 1.4%.
US Consumer Confidence Index Declines for Third Consecutive Month in February
The Conference Board Consumer Confidence Index declined 7.0 points to a reading of 98.3 in February, down from 104.1 in January.