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US Existing Home Sales: August 2019
The August median sales price of all existing homes was US$278,200, up +4.7% from a year ago, representing the 90th consecutive month of year-over-year increases. The median existing condominium/co-op price of US$257,600 in August was up +5.2% from a year ago.
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Madison’s Weekly Lumber prices: sneak preview
The full North America softwood lumber price list will be updated as usual first thing tomorrow morning Eastern time, however above is a sneak peak at benchmark WSPF prices. The price of standard 2x4s waffle back downward to 2-week-ago levels, at US$376 mfbm, while all other sizes stay the same except Utility/#3 which loses another…
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US Housing Data Mixed, Softwood Lumber Prices Strengthen Further
The mix of different types of building that make up the critical US housing market have changed drastically since the epic US home building crash of September 2006. While all acknowledge that the statistics will not soon — or ever — again be at 2.5 million housing starts annualized, there are many and varied interpretations…
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US Housing Market: 3Q 2019
The purpose of this graph is to show that these three indicators generally reach peaks and troughs together. Note that Residential Investment is quarterly and single-family starts and new home sales are monthly — Calculated Risk From Calculated Risk Monday It is important to remember that new home sales are more relevant for jobs and…
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US Existing Home Sales: August 2019
Boosted by low mortgage rates, US existing home sales, released by the National Association of Realtors (NAR), rose to 17-month high in August. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed +1.3% to a seasonally adjusted annual rate of 5.49 million in August, the largest gain since March 2018. On a year-over-year…
