A recent Reuters poll indicates that Canadian home prices will increase at a much slower pace this year, than predicted just three short months ago.
Wood Markets News
A Full V-Shaped Housing Recovery Continues
According to Logan Mohtashami, a columnist with Housewire.com, last Wednesday’s Mortgage Banker Association applications data, confirmed a full V-shaped recovery in the housing market.
Home Prices Rise in April, Despite Nationwide COVID-19 Economic Shutdown
According to the S&P CoreLogic Case-Shiller National Home Price Index (HPI), prices for existing homes rose 4.7% compared with April 2019 and were up 4.6% in the previous month (March).
Canada’s Chantiers Chibougamau Forestlands First to Meet New FSC Standards
Chantiers Chibougamau, also known as Nordic Structures, has achieved its Forest Stewardship Councils (FSC) forest certification.
High Court Rules Consumer Financial Protection Bureau is Unconstitutional
In a decision rendered on Monday 6-29-20, the Supreme Court said the structure of the Consumer Financial Protection Bureau is unconstitutional.
Pending Homes Sales Rebound in May by a Record-Setting 44.3% Monthly Increase
The National Association of Realtors®, has reported that after two months so declines their Pending Homes Sales Index increased 44.3% to a reading of 99.6 in May.
Ashton Lewis Holding Company Acquires Assets of W.T. Jones & Sons Inc.
North Carolina based Ashton Lewis Holding Company, has announced that it has acquired the assets of W.T. Jones & Sons Inc., a sawmill located in the Ruther Glen Area, in Caroline County, Virginia.
Maibec Completes Acquisition of CanExel Brand and Production Facility from LP
Maibec® has announced that its acquisition of the CanExel® brand and production facility located in East River, Novia Scotia, which started in late February 2020 is now complete.
The Bureau of Economic Analysis Reports Personal Income Decreased in May
The Bureau of Economic Analysis (BEA) reports that personal income decreased in May to a seasonally adjusted annual rate (SAAR) of $19.839 billion.
Luxury Homes Sales Outpacing Rest of Housing Market
According to realtor.com’s Luxury Housing Reported, which was released on Thursday, June 25th, the luxury market is actually outpacing the rest of the housing market in both price growth and virtual and in person tours.