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US Building Materials Prices: Sept 2019
The PPI report shows that softwood lumber prices increased +3.8% in September 2019—the index’s largest percentage increase since prices rose +4.8% in June 2018. Prices have fallen -8.7% over the last 12 months but remain nearly +15% higher than they were in 2016. Prices paid for goods used in residential construction in the US decreased…
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Madison’s WSPF Lumber Prices: sneak preview
The full North America softwood lumber price list will be updated as usual first thing tomorrow morning Eastern time, however here is a sneak peak at benchmark WSPF prices: After waffling up and down $6 over the past two weeks, the price of standard 2x4s remain flat this week at US$376 mfbm; Utility/#3 loses another…
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US House Prices: July 2019
Softwood lumber prices are a good forward indicator of US home buying activity and house prices. Lumber prices are published every week for that week; housing data comes out monthly with a 2 to 3 month lag. — Madison’s Lumber Prices In July, national home prices in the US continued to grow at the same…
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US Price-to-Rent Ratio: July 2019
In real terms, US house prices are back to late 2004 levels, and the price-to-rent ratio is back to late 2003, early 2004.
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US New & Pending Home Sales: August 2019
Data released Thursday shows contracts for new, single-family home sales in the US increased in August by +7.1% to a 713,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. For it’s part, the Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), rose +1.6% from 105.6 in…
