Driven by accelerated sales in the Greater Toronto Area, the Canadian Real Estate Association (CREA) is reporting that Canadian homes […]
Wood Markets News
Canadian Consumer Confidence Drops to Lowest Level in a Year
The Bloomberg Nanos Canadian Confidence Index, is reporting that consumer confidence dropped to its lowest level in more than a […]
Shenzhen Relaxes Regulations for Builders to Counteract Plummeting Home Sales
The Housing and Construction Bureau in Shenzhen allowed showrooms to reopen and relaxed financing requirements for developers to help home […]
Federal Motor Carrier Safety Administration (FMCSA) Issues a National Emergency Declaration
For the first time in its history, the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) has issued […]
Federal Reserve Cuts Interest Rate to Near Zero and Eases Lending Rules
In a surprise announcement, on Sunday afternoon, The Federal Reserve cut its key interest rate to near zero, a dramatic […]
30-Year Fixed Mortgage Rate Ticks Up Slightly
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending March 12th, 2020. The PMMS shows […]
Goods Used in Residential Construction Decreased Slightly in February
According to the Bureau of Labor Statistics, Producer Price Index (PPI) prices paid for goods used in residential construction decreased […]
Will Low Mortgage Rates Be Enough to Bring Buyers Out to Look For a House?
The outlook for a booming springtime home buying season is being pared back by economists. The lowest mortgage rates on […]
Consumer Sentiment Drops in March
Despite the ongoing stock market gyrations and the growing outbreak of COVID-19 (aka the coronavirus) U.S. consumer sentiment declines were […]
Single-Family Large Metro Construction Slowed in 2019
According to the National Association of Home Builders (NAHB), fourth quarter Home Building Geography Index (HBGI), large metro suburbs were […]