The prices of building materials decreased 0.2% in October
Mortgage credit availability decreased in September, falling by 5.4% to 102.5, its lowest level in nine years.
The ongoing sales decline reflects the impact of the mortgage rate peak of 6%.
Single-family starts decreased 9.2%
Sales were down 2.4% from the prior month and 5.9% from one year ago.
30-year fixed-rate mortgage (FRM) averaged 4.67 percent.
The cash market price is back up to $1,111 per thousand board feet.
In November, consumer prices increased by 6.8% from a year ago.
The economic, social, and environmental costs of poorly functioning housing markets spill over beyond local boundaries to affect entire regions…
Contract signings were down 8% from the same month a year earlier.
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