Metro East REIA
- Jul 26, 2021
- 1 min read

WSJ Says Lumber Prices Are Way Down, But Don’t Expect New Homes to Cost Less

Lumber prices are finally coming down from the stratosphere. In fact, the Wall Street Journal (reposted on Realtor.com) suggests they’ve fallen so far that they are starting to look cheap to some buyers. However for new home buyers the WSJ paints a different picture. They’re reporting that home builders are saying they expect to collect higher profit margins rather than lowering their asking prices. Continue reading HERE...

Recent Posts

See All

Zumper’s National Rent Report for November ’23

Rental information site Zumper recently released their latest monthly National Rent Report for November, 2023. According to their data, median rent for 1-bedroom apartments was $1,499 (down 0.4% from

U.S. Construction Spending Up 0.6% in October

The U.S. government is reporting that total construction spending in October, 2023 was at a seasonally adjusted annual rate of $2027.1 billion, which is 0.6% higher than September’s revised estimate a

S&P CoreLogic Case-Shiller Index Continues to Rise

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual change for September, 2023. Their 10-City Composite increased 4.8% and their 20-City Composite increase