There were major concerns about the future of the forest industry in the province of Nova Scotia when Northern Pulp shuttered their plant earlier in the year.
The National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) is reporting a significant shift in multifamily construction to the suburbs/exurbs in Q2 of 2020.
Interfor Corporation announced on Monday (9/14) that it has reached an agreement to sell its specialty sawmill located in Gilchrist, Oregon to Neiman Enterprises Inc., of Hulett Wyoming.
Dealers responding to the FEA Weekly Order Survey continue to report slower, but still steady sales. However, for the third week in a row, and this includes the Labor Day holiday, sales have not been as strong as in the preceding week.
According to Canada Mortgage and Housing Corporation (CMHC) the trend in housing starts in Canada in August were at 213.144 units, up from 204,597 in July.
According to the Mortgage Bankers Association (MBA), the U.S. forbearance rate in the last week of August (8/28) fell to the lowest level since mid-April.
According to Redfin, a Seattle based technology-powered residential real estate company, in July homebuyers purchasing power increased by 6.9%. This thank to the current historically low mortgage rates.
A closer examination of the Bureau of Labor Statistics (BLS) August total nonfarm payroll employment report, looking specifically at the construction sector, reveals that residential construction employment rose by 27,700 in August to 2.9 million.
According to the Bureau of Labor Statistics (BLS) total nonfarm employment increased by 1.4 million in August, and the unemployment rate fell to 8.4%.
According to Redfin, a Seattle based technology-powered residential real estate company, the number of homes for sale declined for the twelfth-straight month in July, plunging near 20% to just 1.9 million homes – the lowest level of any month of July on record.