The national median payment applied for by purchase applicants fell from $2,205 in February to $2,173 in March, MBA reported.
Wood Markets News
US Weekly Initial Jobless Claims Climb in the Week Ending April 19
The advance figure for seasonally adjusted initial unemployment claims was 222,000, an increase of 6,000 from the previous week’s revised total.
US New Residential Single-Family Home Sales Rise 7.4% in March
New residential single-family home sales for March were at a SAAR of 724,000, 7.4% above the revised February rate.
BC Announces New Support for Forest Sector Manufacturers
Through the BC Manufacturing Jobs Fund, the BC Government is contributing as much as C$11 million toward four forest sector capital projects
US Domestic Wood Pellet Sales Decline in 2024, but Exports Increase
US manufacturers produced 10.71 million metric tons of wood pellets in 2024, the EIA and Biomass Magazine reported.
Union Pacific Reaches 5-Year Agreement With the National Conference of Firemen and Oilers
Members of the National Conference of Firemen and Oilers have ratified a five-year agreement with the railroad.
Mortgage Applications Decline in the Week Ending April 18
Mortgage loan application volume declined 12.7% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Industrial Product and Raw Materials Price Indexes for March
Prices for lumber and other wood products rose 3.1% March, following two months of declines.
US Home Price Growth Slows to Lowest Monthly Rate Since December 2022
US home prices ticked up 0.2% in March on a seasonally adjusted basis, the slowest monthly pace since December 2022, Redfin reported.
Investment in Canadian Building Construction Increases 1.5% in February
Investment in building construction rose 1.5% to C$22.4 billion in February, with gains recorded across all components.