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Months’ Supply of US Houses for Sale: February 2019
The supply of homes for sale in the US for February 2019 showed a five consecutive months’ rise, while January signed contracts jumping a wider-than-expected +4.6% month to month, according to the National Association of Realtors. US Housing Inventory: February 2019 The supply of homes for sale is finally rising, but fewer buyers are able…
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Softwood Lumber Prices Up From Last Month; Down Compared To Last Year: March 2019
After a sleepy end to 2018, the manufacture, sale, and consumption of North American dimension softwood lumber in 2019 to date has bobbled to relative normalcy. In the type of data that analysts like Madison’s loves, the wholesaler (producer or secondary supplier) price of benchmark framing softwood lumber commodity Western Spruce-Pine-Fir KD 2×4 #2&Btr last…
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US Residential Vacancies and Homeownership Report: Q4 2018.
The trend of this data provides a good indicator, but it is not as reliable for each data point, said Bill McBride Thursday in his fabulous Calculated Risk. Madison’s regularly features US Price-to-Rent ratio insight from Calculated Risk, as that can be a good forward indicator — if interpreted carefully. The US Residential Vacancies and…
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US House Price, Home Sales: Dec 2018, Jan 2019
More data out this week, this time for US house prices and sales, helps provide clarity to the housing starts data also just released (details here: https://madisonsreport.com/2019/02/27/us-housing-starts-dec-and-full-year-2018/). US housing prices recorded their slowest growth in four years during 2018, signalling that this year may be a trying time for the real estate industry. However, as…
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US Housing Starts: Dec and Full-Year 2018
Widely-anticipated real estate data out of the USA emerged this week. Looking in-depth, Madison’s cautions “beware how you view the data”, as some analysts could be interpreting a much-overestimated pessimistic view of the latest monthly data and that for 4Q 2018 US Housing Starts: December, FY 201 Long-awaited data Tuesday showed the number of US…
