According to the latest Federal Housing Finance Agency’s House Price Index (FHFA HPI®) house prices rose nationwide in October, up 1.5% from the September reading. Year-over-year house prices have increased 10.2% (October 2019 to October 2020).
The American Logging Council (ALC) is reporting that Members of Congress have recognized the important role the timber harvesting industry plays in the U.S. economy by including both logging and log hauling businesses in the recently passed $900 billion Emergency Coronavirus Relief Act of 2020.
The Conference Board is reporting that U.S. consumer confidence dropped for a second straight month in December. The result of a deterioration in the labor market amid renewed business restrictions to slow the raging pandemic offset the rolling out of a vaccine for COVID-19.
The Department of Housing and Urban Development (HUD) has announced (12/21) that the Federal Housing Administration (FHA) is providing a two-month extension of its foreclosure and eviction moratorium, and initial forbearance requests through Sunday, February 28th, 2021.
The Bloomberg Nanos Canadian Confidence Index (CCI), a composite measure of Canadians financial health and economic expectations, rose for a third-straight week to 54.2 on Friday (12/18), almost exactly where it was in mid-March when widespread restrictions were imposed to limit the spread of Covid-19.
The missing piece in the housing market, according to Ali Wolf, chief economist at Zonda, the housing market research and real estate analytics firm, is labor.
The British Columbia provincial government is delivering relief to small- and medium sized forestry businesses to help offset the extra costs of keeping their employees and communities safe, while operating through the COVID-19 pandemic.
The U.S. Bureau of Labor Statistics (BLS) has posted its Job Opening and Labor Turnover Survey (JOLTS) for October 2020. According to the JOLTS report the number of job openings was little changed from September at 6.7 million, which is a rate of 4.5%, as of the last business day of October.
After three successive months of gains, the Fannie Mae Home Purchase Sentiment Index® (HPSI) fell 1.7 points in November to a reading of 80.0.
The Bloomberg Nanos Canadian Confidence Index, which is a composite measure of financial health and economic expectations, reached a reading of 53.3 last week.