The Bloomberg Nanos Canadian Confidence Index, is reporting that consumer confidence dropped to its lowest level in more than a […]
Wood Markets News
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 […]
U.S. Construction Industry Leaders Confidence held steady in December 2019
According to the Construction Confidence Index (CCI), which was recently released by the Associated Builders and Contractors (ABC), confidence among […]