Holzhaus-Gebäude
Housing payments are falling because even though home prices remain near record highs, weekly average mortgage rates have dropped to their lowest level in a year and a half.
U.S. mortgage rates remained flat this week.
The reduction in lending could slow housing supply.
Sales of new homes at China’s largest property developers declined at a faster pace in August.
Construction job openings decreased for the second straight month.
A key factor driving the crisis is a shortage of new housing.
Housing starts in Japan in 2024 are expected to decrease by 4% compared to last year.
U.S. 30-year fixed-rate mortgage (FRM) averaged 6.35% as of August 29, 2024, down from last week when it averaged 6.46%.
In half of the most populous U.S. metros, local median incomes can’t cover a starter home purchase.
In 2023, Mead Lumber embarked on a thorough rebranding initiative to unify its business units under a consistent identity.
Delivered adjusted EBITDA was $0.6 million for Q2 2024; the Company has delivered 10 consecutive quarters of positive adjusted EBITDA.
The mortgage rate lock-in effect is prompting many homeowners to stay put, contributing to America’s housing shortage, but it’s starting to ease.
The decision to expand in this area of construction supply is driven by strong growth projections for the Texas construction sector and the opportunity to tap into a dynamic market.
UFP Industries Chairman and CEO Matthew J. Missad will become executive chairman and William “Will” Schwartz, current president of the company’s retail business unit, will become the Chief Executive Officer.
Overall, glulam deliveries in Sweden for the second quarter were down by 10% compared to the same period in 2023
The National Home Price Index, which tracks home prices across all nine U.S. census divisions, saw a 5.4% annual gain in June, down from 5.9% in May.
Effective September 30, 2024, Shawn Montague will be promoted to Senior Vice President of Building Materials. Jeff Malloch will be joining the company as the new Vice President of Building Materials.
Funding supports three FPInnovations projects to integrate innovative wood-based building systems into Canadian building codes, enabling taller, larger wood buildings across the country.
Parr Lumber Rochester will service a broad area that includes Olympia and Centralia. Parr will retain eight mostly long-tenured team members as part of the acquisition.