A recently released report from Clever Real Estate sought to discover the impact of COVID-19 on homeowners vs. renters. The report found that COVID-19 pandemic has and continues to cause housing payment – owned or rented – delinquencies.
Dealers who responded to this week’s Builder Activity Survey continue to report that their sales volumes are close to seasonal norms. Participants along the Gulf Coast, who are dealing with flooding rains and in the West where wildfires continue to burn, are somewhat less enthusiastic than participants in other areas of the country.
Citing a lack of demand for paper products due to COVID-19 pandemic and the switch to digital media, Verso Corporation announced the closure of their mill in Duluth Minnesota in June, and that was quickly followed by the closure of the Wisconsin Rapids mill in July.
In the midst of the COVID-19 pandemic, the Western Forestry Contractor Association (WFCA) is in the process of completing one of its most ambitious and successful reforestation \ tree planting year’s to date.
The latest data from the U.S. Census Bureau’s Survey of Market Absorption (SOMA) reveals that the absorption rate of unfurnished and unsubsidized apartments (the share rented out in the first three months following completion) fell to 45% in Q1 of 2020, down from 53% in Q1 2019.
According to the second quarter of 2020 Federal Reserve Flow of Funds Report, the COVID-19 pandemic did not impact household’s market values. On the contrary, household market values continued to rise throughout all of Q2 of 2020.
According to a recent report from the U.S. Commerce Department, U.S. consumer spending slowed in August.
Dealers who respond to the FEA Weekly Order Survey have local, regional and in many instances national footprints. Overall, our survey participants continue to report that their sales to builders, contractors and remodelers remain steady.
According to Genworth Mortgage Insurance (GMI), an operating segment of Genworth Financial, first-time home buyer activity decreased in the second quarter due to the pandemic, but overall it still remains active.
CoreLogic, the Irvine, California based corporation providing financial, property, and consumer information, analytics, and business intelligence has released their latest Single-Family Rent Index (SFRI) for July.