According to the National Association of Realtors®, Market Recovery Survey, which was released on Thursday 7-9-20, 45% of NAR members are reporting that their markets are slowly starting to recover from the impacts of the COVID-19 pandemic. Yet, fears of a second wave continue to hold some members markets in check. According to survey respondents the housing market is rebounding in some regions. 28% of those surveyed said their market is coming back hotter than normal. While 19% said their respective market is back to normal and 9% do not feel like they have entered recovery yet. The survey also confirms the ongoing trend of apartment dwellers wanting to move to rural areas with bigger space. In fact, 28% who live in a small town or rural area reported that their market is hotter than normal.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.