The NAHB/Wells Fargo Housing Market Index fell to a reading of 39 in March, down 3 points in February and the lowest level in 7 months.
Wood Markets News
Nonresidential Construction Materials Costs Increase 0.6% in February
Nonresidential construction input prices increased 0.6% during February, the BLS and ABC reported. Overall construction input prices were 0.3% higher than one year ago.
Investment in Canadian Building Construction Increases 1.8% in January
Investment in Canadian building construction increased 1.8%, or CA$393.7 million, to $22.1 billion in January.
Canadian Existing-Home Sales Drop as Tariff Uncertainties Keep Potential Buyers Sidelined
Existing-home sales activity declined 9.8% in February, the largest month-over-month decline in activity since May 2022, CREA reported.
US National Interagency Fire Center Wildfire Update as of March 14
The US National Interagency Fire Center reported that 11 new large wildfires were reported in the week ending March 14.
New National Forestry Headquarters in Czech Republic Designed With Mass Timber
CHYBIK + KRISTOF is advancing timber architecture in Central Europe with its latest project, the new headquarters for Czech National Forestry, according to a feature by designbloom.
Higher Softwood Lumber Prices Continue to Impact Cost of US Residential Building Materials
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—increased 0.5% in February, the BLS and NAHB reported.
Ledinek to Provide New CLT Production Line for Facility in Crescent Mills, CA
Ledinek announced that it will supply a CLT production line for a facility in Crescent Mills, California.
Canada Supports New Wood Construction Technologies in BC
Canada announced over CA$1.5 million in federal support for three projects focusing on the advancement of prefabricated wood construction in BC.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for March
The Index of Consumer Sentiment declined to a reading of 57.9 in March—a month-over-month decline of 10.5% and down 27.1% year-over-year.