Ep. 188 | Rate Lock Volume Falls 11% in June
SUMMARY: Rate lock volume drops 11% in June and is now down over 40% thanks to refis falling off a cliff, residential real estate deals fell apart at the highest rate since...
New Product Hopes To Stabilize Lumber Markets
CME Group is rolling out a new lumber futures contract aimed at speculators that will hopefully add some much needed liquidity to the market…(Wall Street Journal) “The new contract will be...
Lumber Has Fallen For A Week Straight
What goes up must come down. And hopefully stays down! Bloomberg reports that lumber futures on the Chicago Mercantile Exchange were headed for their seventh-straight decline on Tuesday… “Lumber futures tumbled...
High Lumber Prices Are Back
Lumber prices, I guess feeling left out of all the inflation talk, are once again rising above one thousand dollars, according to Ryan Dezember’s latest report over at The Wall Street...
Ep. 93 | Everything is Cold Except Housing
Christmas time comes to the Markets & Mortgages podcast! Pending-home sales jump 7.5%, new home sales jump 0.4%, and Kevin Williamson makes a great point about tariffs on Canadian lumber.
Construction Spending Mostly Flat in August
Total construction spending was unchanged in September, according to the latest data from the Census Bureau…(CB) M-O-M: Construction spending was at seasonally adjusted annual rate of $1,584.1virtually unchanged from the revised...
Ep. 25 | You’re Killing Them!
Spending & income see little movement in May but inflation jumps up big, the moratorium eviction is killing small landlords, and lumber prices may have hit bottom.
Lumber Prices Have Bottomed Out
Business Insider is arguing that lumber prices have bottomed out even though they are still over double the historical average… The new normal. Stinson Dean, CEO and founder of Deacon Trading,...
