Between 2012 and 2019 realtor.com® found that 5.9 million single-family homes were constructed. However, 9.8 million new households were formed […]
Wood Markets News
NAHB 2020 “Priced Out” Estimates Explores the Impact on New Home Buyers
The recently released National Association of Home Builders 2020 “Priced Out” Estimate reveals that, if the median new home price […]
Mortgage Rates at 3-Month Lows
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 23rd January 2020. The PMMS shows […]
Remodeler’s Confidence 3 Points Higher in Final Quarter of 2019
The National Association of Home Builders (NAHB) has posted the results of their Remodeling Market Index (RMI) for the 4th […]
Annual Inflation Rate Holds Steady in Canada at 2.2%. BOC Leaves Interest Rates Unchanged.
Statistics Canada is reporting that Canada’s annual inflation rate held steady, at 2.2% in December. Maintained by higher energy prices and […]
U.S. Home Prices Increase 0.2% in November 2019; Up 4.9% Year-over-Year
The Federal Housing Finance Agency (FHFA) has reported that in November U.S. home prices rose 0.2% above October’s reported levels. […]
Mortgage Applications Shrink <-1.2%> from Previous Week
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending 17th January 2020, […]
December Existing-Home Sales Climb Higher
The National Association of Realtors has reported that total existing-home sales, which includes single-family homes, condominiums, co-op and townhouses increased […]
Housing Affordability Negatively Impacting Job Growth
Metro areas where housing affordability has declined over the last five years have seen a similar decline in job growth […]
Custom Home Building Annual Share Declines
The U.S. Census Bureau’s Survey of Construction (SOC), reports that the custom home share declined to 19.5% of all single-family homes started […]