In The News Today

Posted at 1:06 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Mortgage interest rates have doubled, this was inevitable …and will be devastating!

Suddenly Here Comes The Inventory: Homes Listed For Sale Jump Amid Price Reductions And Sagging Sales

The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.

“Inventory” in housing means homes listed for sale. Then there’s the shadow inventory – vacant homes that owners want to sell eventually because they have already moved into a new place but want to ride up the surge in home prices all the way, and then at the tippy-top, they’ll sell it to maximize their profits.

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Bill Holter’s Commentary

Lumber was part of the crackup boom which is now in the rearview mirror …

Lumber prices Have Seen No Relief In 2022 As Interest Rate Hikes By The Federal Reserve Have Put Pressure On The Housing Market

Lumber prices have seen no relief in 2022 as interest rate hikes by the Federal Reserve have put pressure on the housing market.

Lumber futures contracts measured in 1,000 board feet are down 48% year-to-date and sunk to a new 2022 low on Friday after briefly falling below the $600 level.

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