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US Home Builder Confidence, Home Equity: June & 1Q ‘17

US Home Builder Confidence, Home Equity: June & 1Q ‘17

Builder confidence in the market for newly-built single-family homes in the US weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Thursday. Elsewhere, according to the Federal Reserve Board’s 1Q 2017 release Tuesday of its Financial Accounts of the United States report, household holdings of real estate totalled US$23.526 trillion in 1Q 2017, which is US$1.597…

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US Construction Job Openings: April 2017

US Construction Job Openings: April 2017

The count of unfilled jobs in the construction sector climbed in April, rising to the highest level since September of last year. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis released Monday, the number of open construction sector jobs stood at 203,000 in April. The cycle high was 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for April came in at 2.9 per…

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US New and Pending Home Sales: March 2017

US New and Pending Home Sales: March 2017

US sales of new homes shot up in March to the fastest pace in 8 months, the Commerce Department said April 27. Meanwhile according to the National Association of Realtors Friday, US pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity. Home Sales, US The US Commerce Department said this past week that new-home sales rose 5.8 per cent last month to a…

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US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Building Sales, Imports, Log Exports: Jan – Feb 2017

US Lumber and Other Construction Materials Trade for Jan-Feb 2017 are up 7.7% to US$42,933 million, from US$40,475 million for the first two months of last year. Full-Year 2016 US Construction Trade was US$122,384 million, up 7.7% from full-year 2015. US Lumber and Other Construction Materials Trade: Jan-Feb 2017 US Log Exports to the WORLD for Jan-Feb 2017 are up 12% to US$211 million, from US$186 million for the first two months of last year. Full-Year 2016 US Log Exports…

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Canada Investment in New Housing Construction

Canada Investment in New Housing Construction

New housing construction investment in Canada totalled $4 billion in February, an increase of 6.4 per cent compared with the same month in 2016, said Statistics Canada Friday. Spending on single-family dwellings led the ad- vance at the national level. Spending was up in five provinces in February, compared with the same month one year earlier. The national increase was largely the result of higher investment in Ontario and, to a lesser extent, in British Columbia and Manitoba. The largest…

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US Construction Jobs: February 2017

US Construction Jobs: February 2017

According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis April 11, the number of open construction sector jobs rose to 169,000 in February. The cycle high is 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for February increased to 2.4 per cent. On a 12-month moving average basis, the open position rate for the construction sector held steady at 2.7 per cent, near the…

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Canada Building Permits: February 2017

Canada Building Permits: February 2017

Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5 per cent from January, said Statistics Canada Thursday. Ontario and Alberta led the five provinces that reported declines in February. The national decrease was mainly the result of lower construction intentions for single-family dwellings and institutional structures. The value of residential building permits issued by Canadian municipalities fell 1.5 per cent from January to $5 billion in February, but remained just above the $5 billion mark for…

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US Real House Prices, Price-to-Rent Ratio: Jan 2017

US Real House Prices, Price-to-Rent Ratio: Jan 2017

The Case-Shiller US National Home Price Index rose at a seasonally adjusted annual growth rate of 7.9 per cent, slower than the 9.2 per cent increase in December, according to the S&P Dow Jones Indices Tuesday. In real terms, and as a price-to-rent ratio, [US house] prices are back to late 2003 / early 2004 – and the price-to-rent ratio maybe moving a little more sideways now, wrote Bill McBride in Calculated Risk Tuesday. US Real House Prices, Price-to-Rent Ratio:…

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Residential Construction Investment, Canada: 4Q 2016

Residential Construction Investment, Canada: 4Q 2016

In 4Q 2016, total investment in residential construction in Canada rose 5.6 per cent from the same quarter of 2015 to $31.4 billion, reflecting increased spending on every component except cottages, said Statistics Canada Thursday. Higher investment in single-family dwellings, up 11.5 per cent to $7.3 billion, accounted for nearly half of the increase at the national level. Rising renovation spending (+3.4 per cent to $13.3 billion) and acquisition costs related to new dwellings (+6.9 per cent to $3.6 billion)…

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Building Materials Price Index, US: December 2016

Building Materials Price Index, US: December 2016

The price of softwood lumber rose by 2.3 per cent in December, while prices paid for ready-mix concrete, gypsum products, and OSB all fell, according to the latest Producer Price Index release by the Bureau of Labor Statistics January 13. The 2.3 per cent increase in the softwood lumber price index is the largest monthly increase since April 2016. US Building Materials Price Index: December 2016 Ready-mix concrete, gypsum products and OSB prices fell by 0.1 per cent, 0.2 per…

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