According to a report released by Black Knight, a provider of integrated data and analytics for the mortgage and home equity lending service, there were 4.14 million mortgages in forbearance for the week ending July 10th.
News in covid 19
Lumber Prices Rebound in Second Quarter from the Impact of COVID-19 Pandemic
Barron’s, a leading source of financial news, is reporting, what lumber and building materials dealers across North America clearly know; lumber prices rebounded in the second quarter of 2020.
Worldwide Residential Sales Activity Continues to Accelerate
Knight Frank, a global real estate consulting firm, is reporting in their latest Global Property Index (GPI) that in spite of continuing localized outbreaks of the COVID-19 virus, many global cities are reporting that the sales volume of residential properties continues to improve.
FEA’s Weekly Order Survey Reports Dealers Remain Upbeat thanks to Continuing Positive Economic News
After late last week’s pause for the 4th of July holiday, dealers responding to this week’s survey, reported an uptick in sales and deliveries to their contractor customers jobsites.
The Federal Reserve Bank of Atlanta Warns of Mortgage Forbearance Turning into Mortgage Foreclosures as COVID-19 Cases Spike
The Atlanta Fed believes COVID-19 spike in key states could lead to higher foreclosure rates.
Norbord Reviews and Updates Their COVID-19 Response
Norbord has recently provided a review and an update on their response to the COVID-19 pandemic.
Canadian Consumer Confidence Up for 10-Weeks in a Row
Consumer confidence increased in Canada for the 10th straight week according to Bloomberg Nanos Canadian Confidence Index.
Federal Housing Finance Agency Announces Extension of Forbearance for Multifamily Property Owners
The FHFA has announced that both Fannie Mae and Freddie Mac are going to be allowing services to extend forbearance for multifamily property owners with existing forbearance agreement for up to three additional months, totaling forbearance up to six months.
FEA’s Weekly Orders Survey – Dealers Continue to Report Robust Jobsite Activity
Dealers continue to report strong sales to their contractor customers jobsites but noted that deliveries for Friday were a bit on the light side.
The Conference Board’s Consumer Confidence Index® Increases in June
After being basically unchanged in May, the Conference Board’s Consumer Confidence Index® (CCI) increased in June.