According to data released by the BEA, personal income fell sharply in March, to a seasonally adjusted annual rate (SAAR) of $18,693 billion.
News in end use
Builders Confidence in 55+ Housing Market Drops to Lowest Reading Since 2012
According to the NAHB’s 55+ Housing Market Index, builders confidence in the single-family 55+ housing market fell 30 to a reading of 38, in the first quarter of 2020.
Prospective Home Buyers Anticipate Their Home Search Will be Easier in the Months Ahead
The NAHB latest Housing Trends Report reveals that in the first quarter of 2020, 25% of prospective home buyers indicated that they are expecting their house search will be getting easier in the months ahead.
Mortgage Rates Reach All Time Low
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending April 30th, 2020.
Weekly Jobless Claims Rise Another 3.839 Million for Week Ending April 25th
The U.S. Department of Labor is reporting that an additional 3.839 million Americans made their initial filing for unemployment benefits during the week ending on Saturday April 25th.
FEA’s Weekly Order Survey Shows Lumber and Panel Sales to Builders Holding Steady in April
Many dealers are reporting that their sales in April have met or exceeded their initial expectations.
U.S. Commerce Department Announces New Deadlines for all Antidumping and Countervailing Duty Administrative Reviews due to COVID-19 Pandemic
In response to operational adjustments due to the Covid-19 virus pandemic, the U.S. Department of Commerce has announced new deadlines for all antidumping duty (AD) and countervailing duty (CVD) administrative reviews.
GDP Suffers First Decline Since 2014
The U.S. Bureau of Economic Analysis (BEA), is reporting that the U.S. economy declined in the first quarter of 2020, due to the impact of the COVID-29 virus pandemic.
Pending Home Sales Fall 20.8% in March
The National Association of Realtors® (NAR) has reported Pending Homes Sales Index (PHSI) fell -20.8% to a reading of 88.2 in March.
Washington State Eases Restriction on Construction with New Guidelines
With new guidelines now in place, Gov. Jay Inslee announced the State of Washington has started to ease some restrictions that were put into place to slow the spread of the COVID-19 virus.