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Softwood Lumber Sales Tepid as Prices Fall Further
North American softwood lumber traders on both sides of the border described sales as sloppy and “uninspiring.” Lumber demand at the wholesaler level in Canada and the US last week was lackadaisical at best and disinterested at worst. While home construction and sales activity in the US is slowly improving, there has been no increase…
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US Federally-Backed Mortgages, HomeOwnership Rate: 2Q 2019
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the US Census Bureau reveals that mortgages backed by the FHA made up 17.9%, or 32,000, of total sales, at 179,000 units, +7.3 percentage points higher than 2Q 2018 (20,000). The FHA share is the highest it has been since the first quarter…
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US Apartment Absorption Rate: 4Q 2018
In 4Q 2018, the building of 56,950 apartment units in the US was completed, an -18% decline from 4Q 2017, when it was 69,640 units. (Figure 1 below). Apartment completions in 4Q 2018 were at their lowest point since 4Q 2013. These data come from the US Census Bureau, in collaboration with the US Department…
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US Housing Starts: June 2019
According to estimates from the US Housing and Urban Development and Commerce Department Wednesday, single-family housing starts in the US improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. Privately‐owned housing starts in June were at…
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Madison’s Forest of Products: July 2019
Madison’s North American Heating Wood Pellet Price Report JUNE 2019 … download latest issue British Columbia Coastal Log Prices, Monthly: 2013 to Present Madison’s British Columbia Coast Log Price Report JUNE 2019 … download latest issue MADISON’S FOREST PULSE … download latest issue Be among the first to use this exciting new data set! Don’t…
