While some economists suggested at year's end that the housing recovery was on the verge of stalling out, housing start data show signs of increased strength. More
The National Association of Realtors says foreclosure rates in 2013 bottomed out at the lowest level since 2007. More
Consumers are more likely to buy a home as the economy and the housing market rebound. More
Nine of America's healthiest homebuilding markets lie in just two states--Texas and North Carolina--and the Sunbelt accounts 16 of the 20 best markets nationwide, according to the Builder Health Markets Index. More
The U.S. housing market appears to have bottomed out, several housing economists predicted today. They see marked improvement by mid-2010 and steady growth thereafter, but no return to the boom days of 2006. More
The founder of 84 Lumber predicts housing starts will rise to perhaps 700,000 next... More
Stock Building Supply recorded an operating loss of around $60 million in its fiscal first quarter ended Oct. 31, Stock's U.K.-based parent, Wolseley Plc, reported. That operating loss at America's second-biggest LBM operation came on a 20% decline in sales and was 10 times worse than it posted in the year-earlier quarter. More
Stock Building Supply, America's No. 2 LBM dealer, announced Oct. 23 it will close 86 facilities, cut 3,000 jobs, and exit 16 markets in six states, leaving it little more than half the size it was at the housing market's peak. More
Lumber prices normally drop to their lowest levels of the year about now, but uncertainty about future demand has combined at times with the credit crunch to keep lots of LBM dealers out of the market, two executives from a Chicago-based lumber wholesaler say. More
