Tag: UShousing

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…

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…

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…

Earlier this year, Madison’s was asked to speak at the North American Wholesaler Lumberman’s Association regional meeting in Montreal, QC, held in conjunction with the fabulous Montreal Wood Convention. Unfortunately, due to huge piles of work needing to be done — a happy problem to have — Madison’s is not able to attend that event…

Prices of a few standard construction framing North American softwood lumber commodities did bounce up last week, but overall most of the market stayed flat. New orders were encouraging if not guarded, as end-users did their best to survive on existing inventories rather than ordering beyond immediate needs in fear of prices dropping again. This…