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Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast

Pro Builder

Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast. Lumber prices fell 4% on Tuesday after Goldman Sachs released its updated forecast for home sales in 2022. Lumber prices fell 4% to a new 2022 low on Tuesday as higher mortgage rates speed along a housing downturn. Building Materials.

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Housing's Incremental Innovation Path

Pro Builder

Housing's Incremental Innovation Path. housing industry is not innovative are, in a word, crap. 2022 Housing Forecast: Opportunities and Challenges. I would counter that even Tesla’s journey can’t fully compare to the roadblocks hindering the adoption of Innovation in housing, especially on the production side.

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Solutions to Housing Affordability

Pro Builder

Solutions to Housing Affordability. Sun, 12/12/2021 - 08:00. So when I gave you, our readers, the opportunity to submit a write-in response to the question: “What’s needed to enable more affordable housing?” within our annual housing forecast survey (see the results on page 17), I got what I deserved from more than 300 of you.

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Holding Back the Headwinds

Pro Builder

Our latest list of Housing Giants , as ranked by home building revenue in 2022, can attest to that. Sure, these builders collectively closed more houses and collected more money last year than the year before (see charts, below), but it certainly wasn’t easy. It was more like a fog, a bog, a slog. or certain.

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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

Thu, 07/29/2021 - 10:35. The National Association of Home Builders expects the Federal Reserve to announce a tapering of bond purchases before the end of 2021, but the department showed no signs of tapering in their latest meeting. The NAHB forecast has projected higher interest rates as the economy expands. cbroderick.

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A Look at Lumber Prices From the Supply Side

Pro Builder

Wed, 03/31/2021 - 12:00. Those of us in the lumber and building materials (LBM) industry can recall moments when we’ve uttered, “I’ve never seen anything like this,” when referring to a particular market dynamic. Lumber Prices Hit Record High, Threatening Housing's Momentum. Building Materials. Building Materials.

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Lumber Veteran Sees Holding Off on Construction as 'Sensible'

Pro Builder

Wed, 06/09/2021 - 11:31. He reiterated that view Tuesday, saying the company’s forecast “really has not changed.”. The sharp move higher in wood prices has added cost to projects and was cited as one factor behind a drop in housing construction that was reported in April. Building Materials. cbroderick. Read More. .