Covid-19 impact on housing became apparent in March with pending new home sales down 33 percent month-over-month.
The national housing market has now regained enough momentum to provide an engine of growth for the U.S. economy, according to the latest “The State of the Nation’s Housing” report released by the Joint Center for Housing Studies at Harvard University.
Learn about the U.S. housing market and its impact on the wood products industry on Friday, Aug. 22 during IWF 2014. The biennial woodworking show will be held Aug. 20-23 in Atlanta.
Markets in 56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today.
The housing market continues to show improvement in July with 255 metro areas listed on the IMI, tripling the number from 2012.