Market Data + Trends Why Did April Existing Home Sales Decrease? Rising mortgage rates and a lack of homes to buy, especially affordable ones, are putting a damper on housing demand. With the sales of...
Building Materials An Economist Explains Skyrocketing Lumber Prices Labor shortages, unexpected housing demand, and environmental issues are just a few of the reasons lumber and plywood prices have...
Market Data + Trends Existing Home Sales Fall for Third Consecutive Month Existing single-family home sales dropped in April for the third consecutive month as a result of historically low inventory, reports...
Economics Higher Mortgage Rates Could Level Out Home Prices, Says Economist The current market results from years of underbuilding, further complicated by a severe lack of skilled labor, not enough developed lots,...
Building Materials How Long Will High Lumber Prices Last? Pricey lumber is here to stay—at least for the foreseeable future, says one lumber industry veteran. Kyle Little, chief operating officer at...
Financials Mortgage Demand Pulls Back as Average Mortgage Passes $400,000 Higher home prices mean higher mortgages and buyers today are now applying for $411,400 mortgages on average, the highest since February....
Building Materials Lumber Futures Dramatically Fluctuated Yesterday—Here's Why Lumber futures for July experienced a dramatic push and pull yesterday as prices fell 5%, then quickly jumped back up. Lumber futures fell...
Market Data + Trends Monthly Housing Inventory Drop Improved Slightly in April Spring homebuying season came in full force in April yet the expected increase in listings did not, says Zillow. Back in March, there were...
Housing Markets Colorado Homeowners See Dramatic Home Value Increases During the first eight years of homeownership, one Colorado resident’s home increased in value modestly—it took just two years for the home...
NAHB What the Latest Economics Research Means for the Industry On an aggregate basis, residential construction costs are up nearly 10%, says Robert Dietz, chief economist for the National Association of...
