The spring months of April and May are traditionally the busiest for home sales in northern New Jersey, said real estate agent Julie Kim. But with 30-year mortgage interest rates climbing to over 7% and the lack of houses available for sale, the dynamics of the market are different this year. “I’ve had clients take
LBM Daily Editor
By Robert Dietz on June 1, 2023 • Despite some negative reporting about private builder access to acquisition, development and construction (AD&C) financing, the volume of total outstanding loans posted a gain during the first quarter of 2023, albeit at the slowest growth rate since the end of 2020. Nonetheless, interest rates for these loans
Stan Choe | Associated Press New York – Stocks are drifting Thursday as reports on the U.S. economy painted a mixed outlook. The S&P 500 was 0.1% lower in early trading after eking out a third straight winning month. The Dow Jones Industrial Average was down 133 points, or 0.4%, at 32,775, as of 9:45
US softwood lumber imports from European suppliers soared further into record territory in the first quarter after setting all-time highs in 2022. Shipments from the 10 largest European suppliers climbed to 611 million board feet through March, up, 38% from the first quarter of 2022. First-quarter imports from Europe gained 4%, compared to the 584
The Dixie Wildfire—one of the largest in California history—began in July 2021, blazing through nearly a million acres of forest and, in the rural town of Greenville alone, destroying nearly 600 homes and most of the village center. While residents were still reeling from the devastation, Steve Marshall, an expert on mass timber, and Jonathan Kusel,
China’s log import market has witnessed a slowdown since the Chinese New Year, leading importers and exporters to travel and meet face-to-face with customers and suppliers. Travel restrictions were eased in China after February, allowing businesses to resume in-person interactions. However, the European species have remained the primary focus for importers, while African species have
Please see the attached CME Daily Bulletin PDF below for more information. LBR CME Bulletin Open Interest 6753 + 128 Volume 827 + 0 = 827 + 4900 EFR’s – No EFP’s – 0 Block Trades were posted LBR Trade Ranges Alex Mead | Risk Management ConsultantO: 816.410.5769 | C: 816.868.0132www.stonex.com | alex.mead@stonex.com1251 NW Briarcliff | Suite 800 |
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