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US Price-to-Rent Ratio: July 2019
In real terms, US house prices are back to late 2004 levels, and the price-to-rent ratio is back to late 2003, early 2004.
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US New & Pending Home Sales: August 2019
Data released Thursday shows contracts for new, single-family home sales in the US increased in August by +7.1% to a 713,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. For it’s part, the Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), rose +1.6% from 105.6 in…
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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…
