Lumber Prices Are Toppling, But Will Home Prices Come Down With Them?
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Lumber Prices Are Toppling, But Will Home Prices Come Down With Them?

ByTMN Editor Reading Time: 5 minutes

By CHUCK GREEN With lumber prices toppling, it might be the ideal time to knock on wood. Gently, though. It just might be a bit fragile at the moment. Year to date, prices have sagged around 50%, according to 7seasgroupusa.com. They recently sunk to their lowest point in nine months as they traded under the $600-per-thousand-board-feet…

New Home Applications Up From December

New Home Applications Up From December

ByTMN Editor Reading Time: 2 minutes

Mortgage applications for new home purchases fell 12.5% year-over-year in January 2022, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS). However, applications rose by 10% from December 2021, as MBA estimates 66,000 new homes were sold in January compared to December’s 60,000. MBA estimated that new single-family sales were running at a…

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