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Canadian Lumber Tariffs Cut by More than Half
NAHB’s tireless efforts calling on the Biden administration to eliminate — or at the very least reduce — duties on Canadian lumber shipments into the United States has taken a step in the right direction, with the Department of Commerce moving to cut tariffs by more than half and Canada seeking a new legal solution […]
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Annual Foreign Investment in U.S. Existing-Home Sales Climbed 8.5% to $59 Billion, Ending Three-Year Slide
WASHINGTON (July 18, 2022) – Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S. residential real estate, according to a new report from the National Association of REALTORS®. Foreign buyers […]
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The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist
The pandemic’s housing boom is finally running on fumes. Home sales are falling. Inventory levels are rising. And home sellers are cutting list prices at the fastest clip since 2019. This Great Deceleration is a lot bigger than a seasonal cooldown. The economic shock of higher mortgage rates means borrowers are getting stretched thin to a degree unseen since 2006. That’s why home […]
