Many dealers are reporting that their May sales are better than they had initially estimated. The same holds true for April’s overall housing data.
The U.S. Department of Labor is reporting that an additional 2.123 million Americans made their initial filing for unemployment benefits during the week ending on Saturday May 23rd.
The National Association of Realtors® (NAR) has reported Pending Homes Sales Index (PHSI) declined -21.8% to 69.0 in February.
Housing starts, sales and prices are all expected to plunge until a recovery, which is expected to start sometime in mid-2021, gets underway.
The Primary Mortgage Market Survey shows that 30-year fixed-mortgage rate averaged 3.15% with an average 0.8 point, down from last week when it averaged 3.24%.
According to the Bureau of Labor Statistics, nonfarm payroll employment dropped in all 50 states and the District of Columbia, in April 2020.
Chicago-based Harbor Bay Real Estate Advisors LLC. is pressing forward with its plan to construct what will be the tallest timber-frame building in the U.S.
Canfor Corporation has offered an update on recent mill curtailments and closures.
West Fraser has announced that during the month of May, they have successfully resumed full capacity lumber and plywood production at all but a few facilities.
Russian forest product exports mostly down during the first quarter of 2020.