The National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) indicates that builder confidence in the market for newly built single-family homes declined 3-points to a reading of 83 in January.
The decades-old ban on logging trees 21-inches or greater in diameter in national forest across eastern Oregon and southeast Washington was amended on Friday, January 15th, 2021, when U.S. Department of Agriculture Undersecretary James Hubbard signed off on the change.
The Federal Housing Finance Agency (FHFA) announced today (1/19/21) that Fannie Mae and Freddie Mac are once again extending moratoriums on single-family foreclosures and real estate owned evictions through the February 28th, 2021.
The Annual Resident Population of the United States, according to the U.S. Census Bureau, as of July 1st, 2020 was an estimated 329.5 million. A year-over-year increase of 1.2 million, giving the U.S., on a national level, a growth rate of 0.35%.
The Department of Commerce on December 29th, 2020 announced its final antidumping duty (AD) and countervailing duty (CVD) determination on wood mouldings and millwork products from Brazil and China.
Redfin, the Seattle-based technology-powered real estate brokerage firm is reporting that the traditional year-end slowdown in homebuying did not occur in December 2020. In fact, not only did buying and selling continue, but according to Redfin, 49.7% of the home offers written by its agents involved a bidding war between prospective buyers.
According to the Canada Mortgage and Housing Corporation (CMHC) in December the trend in Canadian housing starts was at 239,052 units, up from 236,334 units in November. The trend measure is a six-month moving average of the monthly seasonally adjusted rates (SAAR) of housing starts.
Further analysis, provided by the National Association of Home Builders (NAHB), of the December 2020, Producer Price Index (PPI), recently released by the Bureau of Labor Statistics, reveals that prices paid for goods used in residential construction in December, less energy costs, rose 0.7% and ended 2020, 5.4% above their December 2019 level.
Biewer Lumber Company, with corporate headquarters in St. Clair Michigan, has announced they are in the process of developing and building a new state-of-the-art sawmill to be located in Winona Mississippi. The new sawmill is expected to be completed and operational by January 2022.
The Canadian Real Estate Association (CREA) is reporting that home sales in Canada jumped 7.2% in December from November. Setting a new record amid surging demand in the Greater Toronto and Vancouver areas. CREA noted that actual sales, not seasonally adjusted, rose 47.2% year-over-year.