This change is expected to lower the expenses for homeowners selling their properties by potentially reducing the standard commission rates, which have historically been among the highest globally.
Forecasts
This year's event will feature a distinguished roster of 24 speakers from the industry, providing attendees with unparalleled insights from some of the sector's most influential figures.
The company secured four significant mill-sized orders and marked a milestone with the delivery of its inaugural line to the solid wood production segment.
Maryland-based company might proceed with the bankruptcy filing by the end of this week.
Engineered wood products segment shows strength while lumber segment barely breaks even.
The company anticipates global container volume growth of only 2.5%-4.5% in 2024, overshadowed by an 11% increase in shipping capacity.
For the full year 2023, the U.S. economy grew 2.5%, an improvement from the 1.9% increase in 2022.
The rent increases have significantly outstripped income growth; median rents in 2022 were 21% higher than in 2001, while renter incomes rose a mere 2% in the same period.
While lumber prices have been gradually declining, a stabilization in the range of $300-to-$400 per thousand board feet is expected in the near term.
A slowdown in China's real estate and construction sectors, coupled with cold weather, could lead to higher log inventories after the Chinese Lunar New Year.
Towards the end of the year, the average price for lumber rose yet it was still lower than the previous year.
Advance results indicate that total manufacturing sales increased 1.2% in November. The largest increases were in the chemical product, transportation equipment, and primary metal subsectors.
Including the estimated positive tax effect of EUR 65 million, the net result impact will be approximately EUR 449 million negative.
Economists have cautioned against viewing rising retail sales as a turning point, emphasizing the need for sustained income growth and an improving housing market to boost long-term consumption.