Housing Going Stronger Than Expected, Plenty of Room for Improvement - Jun 19, 2020
Home purchase applications are up 21% from this time a year ago, according to the Mortgage Bankers Association. After a two-month slowdown, price gains appear to be back to the pre-crisis trend. Buyer traffic to new homes surged in June. It was still below normal levels, but the rebound is likely to encourage builders to speed up construction. In fact, that may already be happening, given the recent uptick in building permits.; NEWS IN BRIEF: The China trade deal signed earlier this year offered a glimmer of hope to the hardwood industry, but the pandemic got in the way.Two new studies point to changes in forests because of climate change. The American Loggers Council and its affiliated state logging associations are asking Congress to support proposed economic relief for loggers and log trucking companies related to the COVID-19 pandemic.
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