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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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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…
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US Housing Market: 3Q 2019
The purpose of this graph is to show that these three indicators generally reach peaks and troughs together. Note that Residential Investment is quarterly and single-family starts and new home sales are monthly — Calculated Risk From Calculated Risk Monday It is important to remember that new home sales are more relevant for jobs and…
