The 15-year fixed-rate mortgage averages 5.85%, higher than last week.
Homebuilding
Builders face economic uncertainty and affordability challenges, including higher construction costs, labor shortages, and elevated financing expenses.
Completed construction floor space falls 40% from March, while floor area under development rises to 5,451 million m2.
The 15-year fixed rate also ticks down, averaging 5.71%.
Financing package supports thermally modified wood production and a 15% increase in direct jobs.
Deal adds three locations and brings total network to 14 sites across five southeastern states.
Ten-year Trex veteran with supply chain and manufacturing background takes on expanded role leading R&D and engineering.
15-year fixed-rate mortgage averages 5.72% as both rates remain below year-ago levels of 6.76% and 5.89%.
Median new-home price falls 5.3% to $387,400 as months’ supply declines to 8.5.
Volatile mortgage rates, weather disruptions, and cautious housing demand weigh on results and margins, with the largest pricing and gross-margin pressure in engineered wood products.
High financing costs, construction-input prices and currency weakness are expected to limit new procurement.
The company points to weaker housing affordability in Ontario and British Columbia and expects its Clinton, Ontario automation site to start operating in July 2026.
15-year rate climbs to 5.64% as purchase applications jump 20% above year-ago levels.
Wooden housing starts decrease 26.9% while monthly figures rise from February levels.
Mortgage rates above 6% and tariff uncertainty shape 2026 operating plans and input-cost expectations.
The plan targets mill operations, regulatory changes, and new markets for Ontario wood products.
Cost savings programme offsets lower prices as group begins market-driven shutdown at Joutseno pulp mill.
High industry inventories and cold weather limit production, while the company enters Phase 2 of its internal efficiency work.
More than half of tracked metros post annual price declines, with Denver the weakest.
North America sales surge 60% following opening of dedicated manufacturing facility in 2024.