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Stock impact report

US Housing and Lumber Prices Update: April 2024 [Yahoo! Finance]

First American Corporation (New) (FAF) 
Last first american corporation (new) earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.firstam.com
Company Research Source: Yahoo! Finance
This is down by -8%, or - , from the previous week when it was US$481 Click for information regarding the construction of the Madison's Lumber Prices Index https://madisonsreport.com/madisons-lumber-prices-index-a-powerful-tool-for-data-driven-decision-making/ The decrease in US housing starts for March marks the biggest drop in total starts since the beginning of the pandemic in April 2020 However, revisions to the two prior months adAded roughly 29,000 units to the previously reported tallies. Residential investment rebounded in the second half of 2023 after contracting for nine straight quarters, the longest such stretch since the housing market collapse in 2006. Total US housing starts in March came in at 1.321 million, a -14.7% decline from 1.549 million units in February, and a -4.3% drop from the same time in 2023 when it was 1.380 million units. Homebuilders are contending with the shifting interest rate outlook, as higher rates weigh on demand and push up capital costs. Show less Read more
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