Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 26 seconds

No End in Sight for Timber’s Boost to Home Prices

Saturday, Apr 17 2021
Lending
Written by  The Mortgage Leader

A surge in lumber markets amid a tight supply chain will probably continue through the U.S. summer home building season, pushing home prices ever higher. So reports Bloomberg.

Home construction new home 1664272 640 smallSo far in 2021, lumber futures have climbed more than 60%, touching record highs, and analysts don’t predict a pullback until toward the end of next year.

The National Association of Home Builders has said that rising timber costs have lifted the average new U.S. home’s price by upwards of $24,000.

Read the full article from Bloomberg.

Read 2567 times
Rate this item
(0 votes)
More in this category: « Most Americans Plan to Spend Stimulus Within Three Months Bodnar of MMG: Bond Market Not Scared of Inflation »

FOLLOW US