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US New Home Sales Up +17%: Nov 2018
Sales of new homes in the United States soared in November, defying higher mortgage rates. The US Commerce Department said Thursday that new-home sales jumped +17% in November from the previous month. The November 2018 figure remained -7.7% below the November 2017 rate.
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US Pending Home Sales: Dec 2018
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…
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US Home Price Appreciation Unchanged: Nov 2018
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…
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Flurry of Latest Data Spells Higher Home Prices, Fewer Sales: USA Full-Year 2018
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…
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Softwood Lumber Futures At a $45 Premium to Cash Prices: Jan 2019
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…
