A US homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11th, Redfin reported.
Wood Markets News
Canadian Wildfire Season Quickly Approaching Summer Peak
Overall, this wildfire season is far less severe than the record-setting year in 2023, but the risk for new fires is still high, particularly for BC, Yukon, and Northwest Territories.
Share of US Homes Built on Slabs Continues to Grow
72.4% of new single-family homes started in 2023 were built on slab foundations, 16.6% were built with full or partial basements, and 9.9% with crawl spaces, according to the Census Bureau and NAHB.
US National Interagency Fire Center Wildfire Update as of July 15th
As of Monday, 11 new wildfires were reported nationwide. Currently, 62 large active wildfires are being managed and have burned 902,253 acres.
U.S. Residential Building Material Costs in June Post Largest Yearly Increase Since February 2023
A closer look at the U.S. Bureau of Labor Statistics (BLS) Producer Price Index (PPI) for June, which was released […]
Total Value of Canadian Building Permits Declined in May
Statistics Canada (StatsCan), reported on Friday (7-12-24), that the total value of building permits was in May was $11.7 billion […]
Canadian Home Sales Activity Increased Month-Over-Month in June 2024
The Canadian Real Estate Association (CREA) reported on Friday (7-12-24), that that home sales activity recorded over Canadian MLS® Systems […]
U.S. Producer Price Index for Final Demand Increase Month-Over-Month in June 2024
The Bureau of Labor Statistics (BLS) reported on Friday (7-12-24), that the Producer Price Index (PPI) for final demand, seasonally […]
University of Michigan Reports the Preliminary Results of its Consumer Sentiment Index for July 2024
The University of Michigan on Friday (7-12-24), released the preliminary results of its Consumer Sentiment Index (CSI) for June. The […]
Consumer Price Index Declined in June – Year-Over-Year All-Item Index up 3.0%
The U.S. Bureau of Labor Statistics on Thursday (7-11-24), reported that the Consumer Price Index for All Urban Consumers (CPI-U) […]