Author: kkosman

Contracts to buy previously owned homes in the US fell in December, the National Association of Realtors (NAR) said Wednesday, in another sign of weakness in the housing market.The NAR’s pending home sales index decreased to a reading of 99.0, down -2.2% from the prior month. November’s index was revised to 101.2 from 101.4.US existing…

In November, national home prices in the US rose at the same annual growth rate as in October. Two metro areas in California, including San Francisco and San Diego, as well as Seattle, WA, experienced home price declines in November, while home prices in Los Angeles, CA, were unchanged. The Case-Shiller US National Home Price…

Home sales in the US slumped in December 2018, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin Tuesday, said Bloomberg.The median home price rose to US$289,800 in December, a gain of +1.2%, the slowest monthly pace since…

For the other large volume-traded softwood lumber commodity, this week’s Southern Yellow Pine East Side 2×4 #2&Btr KD prices are down $126 (-24.85%) relative to the 1-year rolling average price of US$507 and down $99 (-20.63%) relative to the 2-year rolling average price of US$480 mfbm Canadian and US construction framing dimension softwood lumber wholesaler…

Wholesaler prices of benchmark dimension softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr continued improvements over the previous week, after bottoming-out to astonishing lows in 2018, to close last week at US$346 mfbm, a $8 or +2.3% pop from the week before. Trading for the May contract on the Chicago Mercantile Exchange was at the…