 AD/CV News: Metal Lockers, Methionine, Pipe, Violet Pigment, Wind Towers |
Source |
American Shipper |
Post Date |
09/01/2020 |
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The International Trade Administration and/or International Trade Commission have recently announced the following actions in antidumping and/or countervailing duty cases.
Metal lockers 每 preliminary affirmative AD and CV injury determinations on metal lockers from China
Methionine 每 initiation of AD duty investigations of methionine from France, Japan, and Spain, with preliminary determinations due by Jan. 5
Pipe 每 preliminary affirmative AD injury determinations on seamless standard, line, and pressure pipe from Czechia, Korea, Russia, and Ukraine and preliminary affirmative CV injury determinations on such pipe from Korea and Russia
Violet pigment 每 rescission of administrative review of CV duty order on carbazole violet pigment 23 from India for the period Jan. 1 through Dec. 31, 2018, and instruction to CBP to assess CV duties on entries of such goods at the applicable cash deposit rates
Wind towers 每 issuance of AD duty orders on utility-scale wind towers from Canada, Indonesia, Korea, and Vietnam, with AD cash deposit rates of 4.94 percent for Canada, 8.50 percent for Indonesia, 5.41 percent for Korea, and 63.80 percent for Vietnam; and CV duty orders on wind towers from Canada, Indonesia, and Vietnam, with CV cash deposit rates of 1.13 percent for Canada, 5.90 percent for Indonesia, and 2.84 percent for Vietnam
Home prices continued to rise in June, Case-Shiller index finds 〞 as Americans face a growing affordability crunch
The rising cost of owning a home could make renting even more appealing for many consumers
Home prices remain on the up 〞 but economists say the pace of price growth could pick up in the second half of the year.
The numbers: Home-price appreciation continued at a steady clip in June as many states began reing businesses from shutdowns related to the coronavirus pandemic, according to a major price barometer released Tuesday. Recent data suggests price appreciation should gain steam in the latter half of the year.
The S&P CoreLogic Case-Shiller 20-city price index posted a 3.5% year-over-year gain in June, down from 3.6% the previous month. On a monthly basis, the index increased 0.2% between May and June.
What happened: The separate national index released with the report noted a 4.3% increase in home prices across the country over the past year, unchanged from the rate of price growth in May.
Phoenix continued to lead all other markets nationwide with a 9% annual price gain in May, followed by Seattle with a 6.5% increase and Tampa, Fla., with a 5.9% uptick. ※As has been the case for the last several months, prices were particularly strong in the Southeast and West, and comparatively weak in the Midwest and (especially) Northeast,§ Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, wrote in the report.
Overall, the pace of price growth increased in five of the 19 cities Case-Shiller analyzed 〞 the 20-city list again didn＊t include Detroit this month because transaction records for Wayne County, Mich. were unavailable, the report noted.
The big picture: Since June, home price growth has only accelerated as buyers＊ fervor has been met with a historically-low supply of homes.
Median home list prices rose 10.1% year-over-year for the week ing Aug. 15, according to a recent report from Realtor.com, marking the fastest growth in listing prices since January 2018. It＊s a significant turnaround from the start of the pandemic, when listing price appreciation slowed to the lowest level since at least 2013, according to Realtor.com＊s calculations.
Record-low mortgage rates are boosting not only demand among buyers, but home prices as well, because, on the surface, they expand how much home buyers can afford. But a recent report from UBS Financial Services questioned how affordable buying a home really is right now.
The report looked at the affordability index put out by the National Association of Realtors. UBS recalculated the index to account for lower down payments (rather than a 20% down payment) and additional costs such as taxes and insurance.
※The vast majority of home buyers buy on monthly payment as opposed to price,§ Jonathan Woloshin, a real estate and lodging analyst at UBS, wrote in the report. ※However, our concern is that many are only considering the principal and interest component of their monthly payment as opposed to the ＆fully loaded＊ monthly payment associated with ownership.§
When the full cost of owning a home is added up, it is a much less affordable proposition. Meanwhile, apartment rents have flattened or declined across much of the country as home prices have continued to rise. Woloshin＊s calculations found that it is cheaper to own than to rent in one-third of markets nationwide. But that could change. ※If rents continue to flatline or decline and home prices continue their upward trajectory of the past several months, renting is likely to become more attractive for a greater number of markets,§ he wrote.
Ultimately, if many buyers are priced out, that could throw some cold water on the buying frenzy across the country＊s hou
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