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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 New Home Sales: June 2019
Contracts for new, single-family home sales in the US increased in June by +7% to a 646,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau Thursday. The increase came off a downwardly revised May estimate, which was decreased from an initial reading of 626,000 to a new estimate of 604,000. Year-over-year,…
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Lumber Traders Abandon Offices for Summer Holidays as Prices Slip Further Downward
An incomprehensible North American construction framing dimension softwood lumber market became no more understandable this week as prices on several key commodities fell further. As Quebec enters it’s usual two-week sawmill and construction curtailment and true summer weather arrived across the continent, lumber traders abandoned sales offices for local fishing holes and other outdoor activities.One…
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Madison’s Monthly Wood Pellet Update Now on Canadian Biomass Website
In addition to Madison’s weekly #lumber price update on the Canadian #Forest Industries website:https://www.woodbusiness.ca/traders-abandon-offices-for-summer-holidays-as-lumber-prices-slip-further-downward/ Madison’s is now also providing monthly wood pellet price updates to Canadian Biomass Magazine news: https://www.canadianbiomassmagazine.ca/woody-biomass-consumption-on-downward-trend-in-us-eia/
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US Existing Home Sales: June 2019
The June median sales price of all existing US homes reached a record high of US$285,700, up +4.3% from a year ago, representing the 88th consecutive month of year-over-year increases. The median existing condominium/co-op price of US$260,100 in June was up +2.8% from a year ago. Total existing home sales in the US, released by…
