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News
U.S. 30-year mortgage rate falls to 6.67%
6+ hour, 53+ min ago (139+ words) U.S. mortgage rates edged lower this week, with the average 30-year fixed-rate mortgage at 6.67% as of Aug. 13, compared with 6.69% a week earlier and 6.58% a year ago, according to Freddie Mac. The average 15-year fixed-rate mortgage fell to 5.96% from 6.01% the previous week....
Boise Cascade sees weak residential construction continuing Into third quarter
1+ week, 3+ day ago (364+ words) lesprom.com Image: Boise Cascade Company - Boise Cascade said affordability pressures, elevated mortgage rates and inflation will keep residential construction subdued into the third quarter. - In second quarter the company reported net income of $57 million, sales of $1.8 billion and adjusted…...
Private construction spending edges down in June as public spending holds steady
1+ week, 3+ day ago (131+ words) Private construction spending reached a seasonally adjusted annual rate of $1,622.5 billion in June, down 0.1% from May. Residential construction declined 0.3% to $877.1 billion, while nonresidential construction increased 0.1% to $745.3 billion. Public construction spending stood at a seasonally adjusted annual rate of $544.1 billion, virtually…...
Imports of wood chips to China lose 12% in June
2+ week, 2+ day ago (73+ words) lesprom.com Access to market price trends and changes Insights on emerging market trends and opportunities Exclusive commentary and expert interviews Updates on production capacity changes Information on new products, technologies, and innovations 10% discount on Lesprom Network market research with…...
Case-Shiller Index shows 1.11% annual home price gain in May
2+ week, 2+ day ago (278+ words) The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, which tracks the value of single-family housing within the United States, increased 1.11% year over year in May 2026, compared with a 0.9% annual gain in April. The 10-City Composite rose 2.38% from a…...
U.S. 30-year mortgage rate rises to 6.58% this week
3+ week, 8+ hour ago (209+ words) lesprom.com The average U.S. 30-year fixed mortgage rate rises to 6.58% as of July 23, 2026, from 6.55% one week earlier. The rate stands below the 6.74% average recorded a year ago, according to Freddie Mac. The 15-year fixed mortgage rate averages 5.96%, up from 5.93% the…...
UK lumber producer prices rise, but trail manufactured-products inflation
3+ week, 1+ day ago (201+ words) lesprom.com - UK lumber producer prices rose 0.7% month over month in June. - Lumber prices were up 1.1% year over year, versus a 3.4% rise for manufactured products. - The year-over-year gap versus manufactured products narrowed from May, but lumber still lagged by 2.3 percentage…...
U.S. 30-year fixed-rate mortgage rate climbs to 6.55%
4+ week, 17+ hour ago (115+ words) lesprom.com The average U.S. 30-year fixed-rate mortgage increased to 6.55% as of July 16 from 6.49% a week earlier. The average rate remained below the 6.75% recorded at the same time a year earlier, according to Freddie Mac. The average 15-year fixed-rate mortgage increased…...
U.S. softwood lumber wholesale prices reach highest level in nearly three years
4+ week, 1+ day ago (107+ words) U.S. softwood lumber wholesale prices rose 2.2% from May and remained up 6.2% year over year, after edging down 0.1% the prior month, the U.S. Bureau of Labor Statistics reported. That is the highest level since July 2023. Hardwood lumber producer prices were unchanged month over…...
Velvet CARE opens German subsidiary for DACH region expansion
1+ mon, 4+ day ago (188+ words) Velvet CARE Group has established Velvet CARE Germany GmbH in Freiburg to strengthen its direct presence in the DACH markets, with the new commercial company taking responsibility for sales in Germany and subsequently Austria and Switzerland. The company will serve…...