‘Dire days lie ahead’: The impact of COVID-19 and wildfires on housing

The recent onslaught of wildfires and accompanying smoke blanketing many states are combining with the pandemic with deadly results. It is not just personal health that is being affected — there are significant implications for real estate as well. Continue reading

What on earth is going on with lumber prices?

Even though lumber prices have ticked down a bit recently, they’re still drastically up from where they were last year. So, what’s happening? Here’s a breakdown. Continue reading

Police called to Home Depot to stop an exorcism in the lumber aisle

On Facebook, the Dickson City Police Department posted that the people who were attempting the exorcism were escorted out of the Home Depot. Continue reading

Inman Handbook on new-home sales

New-home sales illuminate the health of the market and where it might be heading in the near-term. As agents grapple with tight inventory, they’ll want to keep an eye on the data. Continue reading

Construction spending rises again in April as lumber costs climb

Residential construction spending continued to grow in April, rising 1.3 percent month over month for new single-family builds, according to a June 1 report from the U.S. Census Bureau. Continue reading

After stellar March, new-home sales reverse course, dip 6% in April

The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau. Continue reading

Timber may soon follow lumber in upward price trend

Pandemic-fueled housing demand is finally beginning to catch up with years of oversupply in the timber industry that resulted from the 2008 financial crisis. Continue reading

Bubble trouble: 4 stats that’ll give you hope (and 4 that won’t)

There are signs of trouble, but vaccinations are up, spending on home construction is up, and overall, there’s reason to believe the market will improve. Continue reading