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.
News in covid 19
First-Time Home Buyer Activity Declined in Q2 2020
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.
Single-Family Rent Prices Increase 1.7% in July, First Upward Movement Since Start of Pandemic
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.
Soaring Lumber Sales Help Nova Scotia Sawmills Overcome Northern Pulp Mill Closure
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.
Home Building Geography Index Reports Multifamily Construction is Also Shifting to Suburbs/Exurbs
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 Corp., to Sell Gilchrist Oregon Specialty Sawmill to Neiman Enterprises
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.
The Lull in Sales Continues According to FEA’s Weekly Order Survey Participants
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.
Canadian Home Starts Increase in August
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.
U.S. Mortgage Forbearance Rate Drops to Lowest Level Since Mid-April
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.
Homebuyers Purchasing Power Increases in July, Only to be Offset by Greater Increase in Home Prices
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.