According to the NAHB consumer preference study, which was last conducted in 2018, a majority of prospective buyers back then indicated that they wanted a home office, followed by a dedicated exercise space and large family specialty area such as media or game room.
Wood Markets News
U.S. Housing Market Recovery Forecasted to look more like a “W”
According to an updated 2020 forecast from realtor.com, the rebound in the U.S. housing market will neither look like a “V” or a “U” but rather more like a “W”.
Small Business Optimism Index Drops in March
The National Federation of Independent Business Optimism Index fell 8.1 points in March, to a reading of 96.4.
Are Millennials Putting Homeownership on Hold?
Current mortgage rates make buying a home, especially for a millennial (24 – 38-years old), a much more attractive option than continuing to pay the landlord. But then again, perhaps not.
Consumer Price Index Declines in April
The Consumer Price Index for All Urban Consumers declined -0.8% in April, on a seasonally adjusted basis.
The National Association of Home Builders Asks Potential Home Buyers “What’s Holding You Back?”
The National Association of Home Builders (NAHB) ask potential homebuyers ‘What is holding them back?’
Consumer Debt Hits New Record High in 1st Qtr. of 2020
Household debt balances through the end of March totaled $14.3 trillion, an increase of 1.1% from the 4th Qtr., of 2019.
Canadian Housing Starts Increased 10.8% in April
Canadian housing starts, excluding the province of Quebec, rose 10.8% in April
Australia Timber Industry Rushes to Save 2020 Bushfire Damaged Logs
After one of the harshest fire seasons on record, the race is now on in Australia to harvest and store timber and forest products before they become unusable.
Total Consumer Credit Increases 1.8% in the First Quarter of 2020
According to the Federal Reserve’s latest G.19 Consumer Credit Report there are rising trends in consumer credit, excluding loans secured by real estate, through the first quarter of 2020.