Category: New This Week
Lumber Prices Continue to Rise: Fifth Weekly Gain Despite Southern Pine Lag
Fast Markets reports that buyers were compelled to switch to other log species due to a lack of supplies in…
A Look at the State of Affordable Housing in the U.S.
A variety of factors contribute to the rise of unaffordable housing, according to the Pew Research Center. In 2021, interest…
The Surprising U.S. Cities Young Homebuyers Are Flocking To–and Where They’re Fleeing
According to the Weldon Cooper Center for Public Service, Millennials and Gen Zers, aged 25 to 44, are moving to…
Private Residential Construction Spending Rises in September
The NAHB reports that, according to the Census Construction Spending data, single-family construction rose by nearly 4.1% compared to one…
The biggest U.S. homebuilder misses on earnings as it says buyers are staying on the sidelines
According to MarketWatch, D.R. Horton, the leading U.S. homebuilder, reported fiscal fourth-quarter earnings that fell short of expectations, citing high…
US monthly house prices rise further in August
U.S. single-family home prices saw a steady increase in August, climbing 0.3% month-over-month and 4.2% year-over-year, according to the Federal…
R.P. Lumber to acquire Guyot Lumber
R.P. Lumber is set to acquire Guyot Lumber, a longstanding, family-owned hardware and building materials supplier in Perryville, Missouri, marking…
Housing’s Share of GDP Falls in the Third Quarter of 2024
In the third quarter of 2024, housing’s contribution to the U.S. GDP decreased slightly to 16.2%, with residential fixed investment…
The U.S. Economy Posted Another Solid Growth in Third Quarter
The U.S. economy posted solid growth in the third quarter of 202, with real GDP expanding at an annual rate…
Lowest Homeownership Rate for Younger Households Since 2020
According to the NAHB, homeownership among younger households has reached its lowest level since early 2020. Only about 37% of…
