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Goldman Sachs expects home prices to peak in Q4 and then edge down until mid-2024; housing market trends such as weakened price growth, elevated vacancy rates suggest prices will fall by about 3% for every 1-percentage-point increase in mortgage rates
Published: June 24, 2022 by Forbes Inc.
Forest2Market: US homebuilding down to 13-month low in May, and prices for finished softwood lumber followed suit as housing market cools; uncertainty keeps plaguing lumber producers in business climate still dominated by inflation, stressed supply chains
Published: June 24, 2022 by Forest2Market Inc.
Redfin Homebuyer Demand Index drops 16% year-over-year in week ended Jun. 19, the largest decline since April 2020; pending sales were down 10% while active listings fell 5%: Redfin
Published: June 24, 2022 by Redfin Corp.
Sales of new US single‐family houses in May at seasonally adjusted annual rate of 696,000, up 10.7% from revised April rate, down 5.9% year-over-year; median sales price was US$449,000, inventory at end of May was 444,000: Dept. of Commerce
Published: June 24, 2022 by U.S. Dept. of Commerce (DOC)
BofA downgrades Boise Cascade and LP to neutral from buy, citing weak outlook for US single-family housing starts, expected to drop to 800,000-900,000 in 2023 from current pace of 1.1 million; weaker housing demand to be reflected in wood volumes, pricing
Published: June 23, 2022 by Seeking Alpha Ltd.

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