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John Burns Consulting: US needs 17.1 million housing units built this decade, including single-family and multifamily, to satisfy current and future demand; builders were on pace to build needed units, but will fall short in 2023 amid affordability crisis

John Burns survey finds 75% homebuilders buying down buyers' mortgage rates to make payments more affordable; such incentives encouraging more consumers to consider buying new homes versus existing homes, as resale market can’t compete with those offers

Oregon's governor sees prototype affordable mass timber modular homes as possible 'part of the solution' to state's need to build 36,000 new homes/year; prototypes, being built by nonprofit Hacienda CDC, will be donated to other nonprofit housing groups

CIBC upgrades Canfor, Interfor and West Fraser to outperformer from neutral, with housing affordability improving, significant removal of British Columbia lumber industry capacity from Canfor; large capacity shock in BC Interior should boost lumber prices

Oregon pins hopes on mass timber to boost housing, jobs; Oregon Mass Timber Coalition won US$41M federal grant in 2022 to help finance construction of factory at Port of Portland to build mass timber affordable homes, and prototype is now out

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