• Trump's tariffs are jacking up prices of lumber from Canada and adding to the housing market's pain

    5 days ago - By CNBC

    Homes are already becoming less affordable in the US and recent Trump tariffs on lumber imported from Canada have just added to the pain, the New York Times reports.
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  • Sacramento Housing in May: Sales Unchanged YoY, Active Inventory up 30% YoY

    5 days ago - By Calculated Risk

    Wednesday:
    • At 7:00 AM ET, The Mortgage Bankers Association will release the results for the mortgage purchase applications index.
    • At 8:30 AM, The Producer Price Index for May from the BLS. The consensus is a 0.3% increase in PPI, and a 0.2% increase in core PPI.
    • At 2:00 PM, FOMC Meeting Announcement. The FOMC is expected to increase the Fed Funds rate 25 bps at this meeting.
    • At 2:00 PM, FOMC Forecasts This will include the Federal Open Market Committee participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
    • At 2:30 PM...
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  • Did the Rebound in Oil Prices Rescue the Houston Housing Market?

    Did the Rebound in Oil Prices Rescue the Houston Housing Market?

    5 days ago - By Calculated Risk

    Two years ago I asked: Will the Rebound in Oil Prices Rescue the Houston Housing Market?
    When inventory was declining just about everywhere, inventory was rising in Houston as oil prices declined a few years ago. More recently, as oil prices rebounded, inventory has been declining year over year.
    The Houston Association of Realtors just released data for May.
    In May, active listing were down 1.4% year-over-year compared to May2017. The current level isn't unusually high for the Houston market , but inventory increased significantly when oil prices were falling.
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