Jan 9, 2025 · The 30-year fixed-rate mortgage (FRM) averages 6.93% as of January 9, 2025, rising from 6.91% the previous week and 6.66% a year earlier, according to Freddie Mac.. Freddie Mac’s Primary Mortgage Market Survey indicates the 30-year FRM remains elevated, with Chief Economist Sam Khater stating the strength of the economy and high home prices continue to pressure mortgage rates and housing ...

Jan 10, 2025 · Södra has decided to divest its forest holdings and related activities in the Baltics as part of its strategy to focus on members' forests and maximize value for these estates.

Jan 11, 2025 · The total value of building permits issued in Canada dropped by by $739.5 million (-5.9%) to $11.7 billion in November 2024, marking a second consecutive month of decline.

Jan 9, 2025 · The Wood Industry Association (WIA) announces the approval of its 2025 Board of Directors. Following a successful election process, the slate of nominees has been confirmed, and the incoming Board is prepared to lead the association in its mission to support and advance the wood industry in North America.

Dec 31, 2024 · Stable prices for timber and lumber in the U.S. Scott Reaves of Domain Timber Advisors shared projections for the U.S. timber market, indicating minimal price movements and subdued demand due to high interest rates and an economic downturn. By the end of the year, these forecasts were correct: lumber prices stabilized at $400 per thousand board feet, with a slight increase at the end of the year.

Jan 10, 2025 · The U.S. Department of Agriculture (USDA) has allocated $180 million to fund 586 clean energy projects across 42 states, Guam, Puerto Rico, and the U.S. Virgin Islands under the Rural Energy for America Program (REAP) and the Higher Blends Infrastructure Incentive Program (HBIIP). The funding aims to expand renewable energy systems, reduce energy costs, and create jobs in rural communities ...

Jan 15, 2025 · The Canadian Real Estate Association (CREA) forecasts a 9% increase in residential property sales across Canada in 2025, projecting 532,704 units sold, while the national average home price is expected to climb by 5% to $722,221. CREA’s projections extend into 2026, with a further 4.5% sales ...

Nov 26, 2024 · The Ziegler Group, one of Europe’s largest wood industry enterprises, has filed for bankruptcy through its parent company, Ziegler Holding GmbH.

Jan 7, 2025 · Brazil's plywood exports increased by 15% year-on-year to 2,553 thousand m3 in 2024, with export val...

Jan 3, 2025 · New home listings in the U.S. increased 8% year over year during the four weeks ending December 29, 2024, with a total of 48,705 new properties entering the market.