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US Mortgage Foreclosures Lowest Since 2006
The number of US properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said Thursday. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 per cent from 2013 and off 61 per cent from the peak…
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Madison’s Weekly Lumber Prices Updated
Disinterested buyers and softening demand sent most dimension lumber and some panel products’ prices down slightly last week. The weak Canadian dollar brought motivated construction framing lumber sellers from Canada into US markets. Volumes sold were stable, if slightly down, over the end of last year. Canadian softwood lumber production, sales, and export VOLUMES January…
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Madison’s Weekly Lumber Prices Updated
Disinterested buyers and softening demand sent most dimension lumber and some panel products’ prices down slightly last week. The weak Canadian dollar brought motivated construction framing lumber sellers from Canada into US markets. Volumes sold were stable, if slightly down, over the end of last year. Canadian softwood lumber production, sales, and export VOLUMES January…
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US Housing Construction Spending Post Gains
The North American Association of Home Builders’ analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8 per cent, multifamily spending increased 1 per cent, and home improvement spending increased 0.6 per cent from revised September estimates. Total private residential construction spending (all three…
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US Mortgage Foreclosures Drop
The delinquency rate for US mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 per cent of all loans outstanding at the end of 3Q 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level…
