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Tag: softwood lumber

  • BC New Representative for Softwood Lumber Trade

    The British Columbia government has switched chief negotiators on the softwood lumber file, according to the Vancouver Sun October 12. Dana Hayden, a former BC deputy minister for forests and international trade, left the job on September 30 after two years as chief negotiator. BC replaced her with John Allan, the former president of the…

  • Housing Market, US: Mid-2016 Update

    The US housing market is on a roll and is showing no signs of slowing down — that’s the key takeaway from Goldman Sachs’ most recent Housing Monitor research report, released Thursday. US Housing Market: Mid-2016 Update According to the Goldman Sachs research, US house prices have continued to grow close to a 5 per…

  • US Negative Equity Rate, Home Property Values

    According to the Zillow Negative 2Q Equity Report, released Thursday, the overall US negative equity rate as of the end of 2Q 2016 – the share of homeowners that were underwater, owing more to their lenders than their home was worth – was 12.1 per cent. That’s down from 12.7 per cent in 1Q and…

  • US Housing Affordability: 2Q 2016

    According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates…

  • US Real Estate Market, Housing Affordability

    Homeownership rates in the US have collapsed to 63.1 per cent, down from 2004 highs of about 69 per cent, according to the US Census Bureau Wednesday. As homeownership rates come full circle from the early 1990s levels, the Median Asking Price for Vacant Units has steadily risen. Meanwhile, according to the National Association of…