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Housing news
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Mortgage Rates Pummeled By Regulatory Drama
on August 13, 2020
Posted To: Mortgage Rate WatchAt face value, the bonds that underlie the mortgage market didn't sustain too much damage […]
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MBS RECAP: Mortgage Market Rocked by Instant Doubling of Regulatory Fees
on August 13, 2020
Posted To: MBS CommentaryMortgage Market Rocked by Instant Doubling of Regulatory Fees Consider this: the average […]
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MBS Day Ahead: Mega Recap of New Refi Fee and a Call to Action
on August 13, 2020
Posted To: MBS CommentaryThis began as my normal daily "day ahead" article, but as you can see based on the time of day […]
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MBA Predicts New Home Sales Surge in July
on August 13, 2020
Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is predicting another strong month for new home sales. […]
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Appraisal, Valuation, Sales Tools; Training; 50 bp Refi hit and Other Agency Updates
on August 13, 2020
Posted To: Pipeline PressFollow the money! The “talking heads” are analyzing the fact that President Donald […]
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What Pandemic? Home Prices Continue Gains in Q2
on August 13, 2020
Posted To: MND NewsWireHome prices continued to rise during the second quarter of the year, although at a slower pace […]
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FHFA Drops a Bomb; Your Refi Just Got Much More Expensive!
on August 13, 2020
Posted To: Mortgage Rate WatchIn what can only be described as a cash grab, Fannie and Freddie's regulator just […]
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Surprise Announcement From FHFA Just Made Your Refi Much More Expensive
on August 13, 2020
Posted To: MBS CommentaryIn what can only be described as a cash grab, Fannie and Freddie's regulator just announced a […]
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Mortgage Rates Move Higher Again, And They Might Not Be Done
on August 12, 2020
Posted To: Mortgage Rate WatchMortgage rates jumped yesterday at the fastest pace in more than 2 months. While that […]
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MBS RECAP: Why Are MBS Unchanged if Charts Don't Look That Way
on August 12, 2020
Posted To: MBS CommentaryBond Market Breakout is Here (The Bad One) For days--and especially since last Friday--we've […]
Financial news
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Stock futures rise slightly after S&P 500 struggles to reach February record high
on August 14, 2020 at 12:30 am
U.S. stock futures rose slightly on Thursday night after the S&P 500 failed once again to reach its record high […]
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Innovation is seeing a major inflection point due to the pandemic, early growth investor finds
on August 13, 2020 at 11:25 pm
Early stage angel investor Nidhi Chadda of Enzo Advisors pinpoints where she sees the biggest opportunities in cutting […]
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Stocks making the biggest moves after-hours: Applied Materials, Baidu & more
on August 13, 2020 at 9:19 pm
These are the stocks posting the largest moves after the bell Thursday.
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Stocks making the biggest moves after-hours: Applied Materials, Baidu & more
on August 13, 2020 at 9:19 pm
These are the stocks posting the largest moves after the bell Thursday.
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Biden looks to former Fed Chair Yellen for economic advice
on August 13, 2020 at 8:09 pm
Yellen, now a distinguished fellow at the Brookings Institution, was among a handful of economists who on Thursday […]
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Here's what happened to the stock market on Thursday
on August 13, 2020 at 8:08 pm
The S&P 500 failed to break above its all-time high once again despite stronger-than-expected unemployment data.
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Here's how Robinhood is raking in record cash on customer trades — despite making it free
on August 13, 2020 at 7:53 pm
Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the […]
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Waiting on that extra $400 unemployment benefit? Here's what we know so far
on August 13, 2020 at 7:01 pm
President Trump signed a measure to boost weekly unemployment benefits for millions of Americans. But some of the […]
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40% of companies discussed diversity on earnings calls, up from 4% in prior quarter, new data shows
on August 13, 2020 at 5:40 pm
There was a huge spike in S&P 500 companies discussing diversity, equality and inclusion initiatives during the […]
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German digital bank N26 is facing outcry from its staff over management
on August 13, 2020 at 2:16 pm
Staff at the Berlin-headquartered fintech company are due to hold votes on Thursday and Friday to elect a board for a […]
Stock watch
Lumber reporter
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Madison’s Western S-P-F Softwood Lumber Prices Aug 13: sneak preview
on August 13, 2020 at 8:32 pm
Here is a SNEAK PEAK at tomorrow’s print benchmark Western Spruce-Pine-Fir (WSPF) softwood lumber prices: […]
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Unceasing Demand Sends Softwood Lumber Prices Ever Higher
on August 12, 2020 at 4:44 pm
North American softwood lumber manufacturers, wholesalers, distributors, buyers, and end-users alike agree that this […]
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Madison’s Weekly Softwood Lumber Prices Snapshot:
on August 11, 2020 at 5:27 pm
Key comment: “Softwood lumber prices climbed yet again as frustration and urgency among buyers reached a fever […]
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North America Rail Traffic, Lumber: July 2020
on August 7, 2020 at 5:06 pm
Canada and US Railcar Loadings The US Association of American Railroads (AAR) Wednesday reported US rail traffic for […]
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Madison’s Western S-P-F Softwood Lumber Prices Aug 6: sneak preview
on August 6, 2020 at 6:48 pm
Here is a SNEAK PEAK at benchmark Western Spruce-Pine-Fir (WSPF) prices: By far eclipsing recent and historical highs, […]
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US Construction Spending: June 2020
on August 5, 2020 at 4:45 pm
Construction spending in the US decreased -0.7% from the previous month to a seasonally adjusted annual rate of […]
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Sales of Softwood Lumber Remain Strong During Usual Seasonal Slowdown
on August 4, 2020 at 6:52 pm
At a time when end-users have usually received delivery for expected building needs until after September, demand for […]
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Madison’s Weekly Softwood Lumber Prices
on August 4, 2020 at 4:44 pm
MADISON’S SOFTWOOD LUMBER MARKET WEEKLY COMMENT: Key comment: “Softwood lumber sales roared back […]
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Industrial use of heating wood pellets reduces greenhouse gas emissions
on July 30, 2020 at 5:16 pm
Biofuel Boilers Increase Greenhouse Efficiency A small organic greenhouse operation in Prince Edward Island is leading […]
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Madison’s BC Coast Log Prices: July 2020
on July 30, 2020 at 5:05 pm
Madison’s North America Lumber and Sawmill Update: June 2020 Lumber Price Increases The vast majority of logs […]
Latest BuyChain news
Recent Posts / View All Posts
Likely a sign that fewer people are losing their jobs, hardly a recovery, state claims offices are finally catching up on unprecedented numbers of claims. Additionally, the expiration of extended benefits are also impacting the numbers a bit as people move back into the workforce and businesses catch up with new demand. Cutting jobless benefits by 1/3 is also motivating to those needing that supplemental income - which may not cut it anymore. Encouraging; home prices are still gaining with Q2 reports now out. 3/7: 211k 3/14: 282k 3/21: 3.3M…
Lumber Prices Rise Sharply Despite Covid-19 Lumber prices made a big comeback in the second quarter, with a nearly 60% jump for the period more than making up for a loss in the first three months of the year, as home builders rebounded from the initial effects of the pandemic. Barron's reports a near 60% jump for Q2 making up for the losses in the first quarter of the year. Unlike other sectors, production ramp-up times are far greater in sawmill production and will take some time to see production…
US economy may be stalling out as viral outbreak worsens says AP. The reversals are keeping layoffs elevated and threatening to weaken hiring. More than 1.3 million people applied for unemployment benefits last week, the Labor Department said Thursday, down from 1.4 million the previous week but still roughly double the pre-pandemic weekly record. Applications had fallen steadily in April and May but have barely declined in the past month. The article originally appeared on AP News.
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand. With a gain of 15% in April and another straight gain of 15% this past month, lumber commodities are some of the best performing according to those tracked by Bloomberg. Aggressive supply cuts from big producers such as West Fraser Timber Co. and Canfor Corp. have tightened supplies at a time when people staying in and deciding to fix up their homes, said Kevin Mason, managing director…
New housing could lead to economic recovery says HBSDealer. Despite the Q1 trend and results seeing 10% fewer homebuyers in the country, as we enter the 3rd trimester of Q2, the outlook is more positive. "According to Robert Dietz, chief economist of the National Association of Home Builders, the housing sector entered this recession underbuilt. Built-up demand and low interest rates positions housing toward a path of quick recovery compared to other sectors of the economy." How this impacts materials suppliers and distribution is starting to take shape. The second…
First-time filings for unemployment insurance totaled 2.44 million last week, about in line with economist estimates. Total filings from the beginning of the pandemic now total 38.6 million. The good news is that that the total has fallen for seven straight weeks from its record peak. We continue to see a decline as the nation reopens but fear of a second wave, uncertainty around testing, a vaccine, and contradictory medical advice still has many on edge. Plus, the level of continuing claims is a clear indication of how unemployment is…
The FEA has completed another survey and the results are encouraging. As per the FEA: "Many dealers are reporting that their first week of May sales are remaining slow but steady, very similar to where April sales left off. The reopening of jobsites in states that have been shuttered to slow the spread of COVID-19, is adding additional sales momentum. A few jobs remain on hold, but thus far the number of cancelations remain a small fraction of ongoing and anticipated building projects. Lumber and panel producers are reporting an…
After Q1 2020, Digital Transformation Is No Longer An Option. If you're wondering if life will go back to "normal" on the trading floors... you're wrong. Now is not the time to retreat back to selling the “old” way. Now is the time for bold leadership in sales and marketing. This piece from Forbes captures what so many mills and distributors are challenged with today. The entire premise behind developing BuyChain is collaboration, accelerating sales, and helping the entire supply chain. You need to jump-start your digital transformation and if…
