Wood Markets News


Expanded Suburban\Exurbs Construction Continued Through Q3 2020

A growing trend identified by the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) in Q2 of housing being built in lower-density areas, has continued into Q3. As single-family and multifamily construction continued to overperform in lower cost markets – i.e. the suburbs and exurbs.

Pending Home Sales Decline in October, for Second Month in a Row

The National Association of Realtors® (NAR) has reported their Pending Homes Sales Index (PHSI), which is based on signed real estate contracts, not actual closings, for existing single-family homes, condos, and co-ops, declined for the second straight month in a row failing -1.1% in October to a reading of 128.9.