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US Real Estate, Mortgages
Asking home prices rose at their slowest rate in 13 months, rising just 8 per cent year-over-year, or 7.2 per cent excluding foreclosures, according to Trulia Thursday. Although this year-over-year increase is slower than in previous months, an 8 per cent increase is still far above the long-term historical norm for home-price appreciation, the agency…
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US Pending Home Sales
Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, a sign the housing market could be stabilizing after suffering a setback from a rise in interest rates and a severe winter. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts…
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US New Home Sales
New home sales in January, as estimated by the US Census Bureau and HUD Thursday, were up 9.6 per cent over the December pace, coming in at 468,000 seasonally adjusted annualized rate. This pace is 2.2 per cent higher than the January 2013 measure. The month-supply measure of inventory fell to 4.7, with the count…
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Lumber Market Outlook 2014
Players not directly involved in forest products jumped for joy this week on seeing US housing starts solidly at more than 1 million annualized for 2013. It is now apparent to all that building in America has absolutely recovered from the terrible crash of 2006-2010. Forest industry players have known the outlook is positive since…
