Sometimes it’s hard to start over with a completely clean slate. But, with housing, that’s the opportunity and that’s what Veev’s CEO and co-founder Amit Haller did when he launched the company in 2008 and what he has continued to do every day since. Reimagining housing without the normal dictates of stakeholder operations has allowed
Mortgage rates rose again during the week of May 18 as homebuilders seek ways to meet demand for cheaper – and smaller – properties. By Erika Giovanetti Mortgage rates climbed higher this week, once again passing the 7% threshold for the 30-year fixed mortgage term. Fixed mortgage interest rates increased across the board this week, while most
The rising costs of building material is having a major impact on the construction industry. According to a Minneapolis Fed survey, over 65% of respondents said it’s hurting demand, and 70% said profits are taking a hit. The construction industry and homebuyers both feel the effects of the increasing building material costs and construction salaries.
“We’re trying to touch on an important issue in an important way,” said Lang Hornthal, co-executive director of event host EcoForesters, as he welcomed guests. “We’re going to talk about it together in discussion and appreciation for what everybody brings to the conversation.” The discussion came at a critical time for forestry in Western North
The seemingly never-ending winter had barely moved into spring when an enormous amount of forest fires broke out in Alberta. Raging wildfires forced the evacuation of roughly 25,000 residents, so far. More than 350,000 hectares burned since January 1st, compared to an average of 800 hectares by this time of year. Both road and rail
May 22, 2023 By Christine Souza – Timber and forest products sector leaders and market analysts say warmer temperatures mean a return to a more typical seasonal demand as construction and home improvement projects resume after the winter slowdown. They say the timber market should fare reasonably well this year, despite rising interest rates affecting new
The Madison’s Lumber Prices Index for the week ending May 19, 2023 was US$390.5 mfbm This is up by +0.5%, or +$2, from the previous week when it was US$388.4. Madison’s Lumber Prices Index is constructed using the same species as Futures (WSPF, ESPF, Douglas fir, Hem-Fir), with weighed averages based on the North America