Tag: RealEstate

Sales of new single-family houses in the US for March 2021 were at a seasonally adjusted annual rate of 1.021 million, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is up +21% from the revised March 2021 rate of 846,000 and up an astonishing…

This week Madison’s was interviewed by a woodworking YouTube channel about lumber prices and what is going on in the market: https://www.youtube.com/channel/UC5-vauitPSwmPsiGhiXlSrw “WHY are lumber prices just out of control? “Construction wood prices just keep going up. I asked an industry expert to explain, here is what she had to say. Keta Kosman, Editor Madison’s…

April 9, 2021 — Shock and disbelief resonated throughout the North American forest products industry as solid wood construction framing building material prices surpassed expectations and just kept going up. It is a frustrating situation for sawmills as supply remains well below extremely hot, indeed unabated, demand. If anything, it looks like the home building…

Compared to March 2020 total residential starts in the US last month shot up by +37% to a 1.74 million annualized rate, from 1.27 in the same month one year ago. Permits for future homebuilding increased spectacularly compared to one year ago, up by +30% to a rate of 1.77 million units last month compared…

US Housing Total and 1-Unit Starts March & Benchmark Softwood Lumber Prices April 2021 This year started off with a very harsh winter, which kept construction and building activity down in January and February. March housing starts across North America show a significant rebound; something Madison’s expected, due to a big jump in permits in…