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Lumber stocks are at a historic high. We haven't seen these numbers since the 2008 housing boom and then crash. Experts say that's in part because of the housing market and record low mortgage rates.2020, the unprecedented year where nothing goes as expected, has brought us what realtors call a "sellers' market"."There’s plenty of buyers in the marketplace, but not enough supply so what we are seeing is multiple offers happening frequently on mid-price homes. So heavy competition in the marketplace.” Dr. Lawrence Yun, chief economist for the National Association of Realtors, said.The country's largest trade organization has 1.4 million members who help people buy and sell homes. Dr. Yun says the nation's housing market has even surpassed pre-pandemic sales. He attributes a lot of that to low mortgage rates and people realizing that working from home means they need more room.“Because of the strong demand for housing and we have a shortage of homes in the marketplace, so whatever home builders build, they can find a buyer so they build more homes. But one of the constraints is lack of construction workers along with the material cost that goes into construction, such as lumber,” says Dr. Yun, who also pointed out the country's underproduction.“Home builders have been producing below historical average for 10 straight years and the cumulative effect of underproduction is we don’t have sufficient inventory and that is the reason why home prices are rising and we need to build more homes to get into balance,” added Dr. Yun.Which is why, Laura Gonzalez, associate professor of Finance at California State University Long Beach, says we're experiencing a supply and demand situation when it comes to wood.“We just don’t have enough wood,” Gonzalez said. “It's difficult to make it ready and then transport it because of the pandemic. It's not that the industry is changing its just that we have had a shift both in supply and demand.”Gonzalez also says it's the basic equation of high demand meaning lower supply, which sends prices up and stocks soaring. Then there's the factor of where our wood comes from. She says, “We import some of our lumber from Canada both from lumber and other products. If we depend on other nations, we are more susceptible to changes in supply.”So, what comes next?“The issue of supply versus demand is going to correct in two years, but the opportunities for climate finance are ongoing that is not going to finish,” Gonzalez said.Which is why Dr. Yun says home prices will hold firm, and if you're waiting for a ‘burst’ or for prices to decrease, you might be waiting a while.“In future years, mortgage rate will certainly rise and that will choke off some of the demand, but hopefully we have adequate supply so we have a more balanced market condition where prices rise in manageable, 3-4% each year and people will feel comfortable at that rate of price appreciation,” says Dr. Yun.Dr. Yun recommends if you want or need to buy, don't overstretch your budget as the competition is fierce out there. If you want to sell, don't get greedy and overprice because your home will get stuck on the market. It's yet another aspect to this odd year that has brough the unexpected to us all. 3245
Michigan Secretary of State Jocelyn Benson says the dozens of protesters seeking to overturn the results of the 2020 presidential election in the state who showed up outside her home on Saturday "crossed a line" and added that they are seeking "to undermine and silence the will and voices of every voter" in her state.On Saturday, dozens of demonstrators gathered outside of Benson's home and went live on Facebook with many yelling "stop the steal" and urging her to come outside.Benson said she and her 4-year-old son were finishing up Christmas decorating and about to watch a movie when the protests started."Your neighbors will not get no sleep — you need to come out now!" one of the protesters yelled.Lt. Mike Shaw from Michigan State Police said he believes some of the protesters were openly carrying guns.The state of Michigan certified its election results on Nov. 23. However, President Donald Trump's legal team continues to dispute the results on the basis of widespread voter fraud. His lawyers have yet to produce any evidence that would support those claims.The protests came days after the Michigan House Oversight Committee heard many of those unverified and false claims about election fraud in the City of Detroit.Attorney General Dana Nessel and Wayne County Prosecutor Kym Worthy denounced the protest outside of Benson's home, calling it "mob-like behavior."Read Benson's full statement below."As my four-year-old son and I were finishing up decorating the house for Christmas on Saturday night, and he was about to sit down to watch 'How the Grinch Stole Christmas,' dozens of armed individuals stood outside my home shouting obscenities and chanting into bullhorns in the dark of night.I have always been an energetic advocate for the right and importance of peaceful protest as enshrined in the United States Constitution, however there is a line crossed when gatherings are done with the primary purpose of intimidation of public officials who are carrying out the oath of office they solemnly took as elected officials. The actions of these latest protestors are an extension of the noise and clouded efforts to spread false information about the security and accuracy of our elections that we’ve all endured in the month since the polls closed on November 3. Through blatantly false press releases, purely political legislative hearings, bogus legal claims and so called 'affidavits' that fail to allege any clear or cogent evidence of wrongdoing, those unhappy with the results of this election have perpetuated an unprecedented, dangerous, egregious campaign to erode the public’s confidence in the results of one of the most secure, accessible and transparent elections in our state’s history.The demands made outside my home were unambiguous, loud and threatening. They targeted me in my role as Michigan’s Chief Election Officer. But the threats of those gathered weren’t actually aimed at me – or any other elected officials in this state. They were aimed at the voters. Through threats of violence, intimidation, and bullying, the armed people outside my home and their political allies seek to undermine and silence the will and voices of every voter in this state, no matter who they voted for. Their goal is to overturn and upend the results of an election that are clear and unequivocal, and that 5.5 million Michigan citizens participated in.But their efforts won’t carry the day. Because our democracy is strong. The will of the people is clear. And I will stand up every day in my job for all voters, even the votes of the protestors who banded together outside my home. I began my career investigating violent neo-Nazi and white supremacist organizations throughout the country. A photo of Detroiter Viola Liuzzo, along with a replica of her Michigan license plate from the vehicle she was driving when she was murdered, hangs in my office. I am acutely aware of the risks borne throughout history of those working to stand guard over and protect our democratic process. Nothing about the incessant and graphic threats made outside my home, or those that flood my social media accounts, will deter me, my team, or the more than 1,600 election administrators across the state of Michigan from doing our jobs.And that job is simple: to defend and protect every Michigan voter, their choice, and their votes. I will continue to guard every citizen’s vote because no matter how one voted or who they voted for, where they live, or what they look like, their vote is the lifeblood of our democracy. Ensuring it counts is central to our work as election officials. It’s in our oath of office, when we pledge to support the United States Constitution and that of the State of Michigan, both of which unequivocally and preeminently establish every citizen's fundamental right to vote.I have spent my career defending and protecting the right to vote of every eligible citizen. That commitment has never wavered, and it will not waver now. I will continue as Michigan’s Secretary of State, proudly protecting and defending every voter and every vote."This story was originally published by WXYZ in Detroit. 5151

Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.The home improvement store said in a press release the locations are underperforming.All 51 North American stores will be closed by Feb. 1, 2019.Here are all the locations that will be closing, according to the company's press release.U.S.Alabama 358
Michelob Ultra is looking to pay someone ,000 to take pictures of national parks.Anheuser-Busch, the makers of Michelob Ultra, says they are searching for a CEO, or a Chief Exploration Officer, who will travel the nation for six months, exploring national parks while representing Michelob ULTRA Pure Gold.On its website, the company said the ideal candidate would be someone who "enjoys and respects the great outdoors," able to take and edit pictures and be a "strong leader with a clear sense of direction."They will also need to be willing and able to hike through national parks and other outdoor areas, have a valid US driver's license and must be 21 or older, the company added.The new hire will travel in a camper van equipped with a bathroom and shower. Gas money is also covered.The winner would also get to bring a friend, spouse, partner, or even a dog.The last day to enter is Sept. 30. 910
Many mental health facilities were closed earlier this year due to the pandemic, so therapists had to find new ways to reach their patients. Over the course of 2020, providers have come up with a number of innovative ways to help -- such as by using biofeedback devices.“They're really visually able to see OK, this is actually working and calming me down. And secondarily for our therapist, it allows them another data point to watch what their patient is doing,” Brett Shrewsbury, chief commercial officer for Meru Health, said.It’s just one of the tools in the toolbox for mental health therapists to better connect with and understand their patients without meeting in person.“It allows us and the therapist to take the patient through exercises of deep breathing and heart rate variability and shows visually, within our app and the Bluetooth connection we have, how their deep breathing is having a positive impact,” Shrewsbury said. “We built a program that solely is to treat depression and anxiety effectively. So there’s self-care and digital content and it’s guided by that licensed therapist that's taking the patient through.”Meru Health works with a number of companies and health plans, one of them being the Mental Health Center of Denver.“Our goal was to meet people where they are and they’re on these screens,” Alires Almon, director of innovation for The Mental Health Center of Denver, said.“Part of our digital capabilities include the text messages, then we have the curated resources that people can explore on their own,” she said. “People that we serve get the opportunity to get all these digital capabilities at their fingertips.”This comes at a time where taking care of your mental health is more important than ever. 78% of Americans said the coronavirus is a significant source of stress, according to the American Psychological Association.More than 1 in 3 adults have reported symptoms of anxiety or depression during the pandemic, up from 11% last year, according to information from the Kaiser Family Foundation.“The demand is increasing day over day, and especially the longer this pandemic happens the more demand and the more acceptable it is for people to reach out which creates more of a demand,” Almon said.But with the use of technology, centers like this one can help meet that rising demand.“Looking at our total toolkit, technology is an important means to become a force multiplier,” Wes Williams, vice president at The Mental Health Center of Denver, said.He said they went from five to 4,000 telehealth sessions a week in a one- week transition. However, it will take more than telehealth sessions to expand the number of people they can help.“A therapist can still only see five or six patients a day even through teletherapy, where as with our program where they’re texting back and forth more than they’re doing face to face sessions, we’re able to scale right now almost six times scalability,”Shrewsbury said.Mental health centers are experimenting with more possibilities to help reach people where they’re at.“Everyone realized there's a need for mental health and I think people are starting to bring innovation in,” Shrewsbury said. 3199
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