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Tag: us home construction

Softwood Lumber Tariff and US Housing

Softwood Lumber Tariff and US Housing

The conversation shifted slightly this week; or perhaps more correctly expanded, from specifics of assignation of US duties on imports of Canadian softwood lumber to the effects of that on a tenderly burgeoning US home building industry. Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the rst quarter of 2017, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released Thursday. US Housing…

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US Housing Starts, Home Sales: February & March 2017

US Housing Starts, Home Sales: February & March 2017

Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of 6 per cent in March, falling to an 821,000 annual rate. The February annualized rate, 875,000, was the fastest monthly pace since the Great Recession,…

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US Apartment Vacancy Rate: 1Q 2017

US Apartment Vacancy Rate: 1Q 2017

Reis reported Friday that the US apartment vacancy rate was at 4.3 per cent in Q1 2017, up from 4.2 per cent in 4Q 2016, and unchanged from 4.3 per cent in 1Q 2016. The vacancy rate peaked at 8 per cent at the end of 2009. From Reis: Effective Apartment Rents Decline in 23 of 79 Metros Across the US. The National Effective Rent Grew 0.3 per cent in the Quarter, 3.1 per cent over the Year   Apartment…

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Pending Home Sales, US: January 2017

Pending Home Sales, US: January 2017

US Pending Home Sales improved 5.5 per cent in February 2017 to its highest level since April 2016, and the second highest since May 2006, said the US National Association of Realtors Wednesday. US Pending and Existing Home Sales: January 2017 The US Pending Home Sales Index increased 5.5 per cent in February 2017 to its highest level since April 2016, and the second highest since May 2006. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed…

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US Housing Inventory: 1Q 2017

US Housing Inventory: 1Q 2017

The US housing market has again moved toward greater disconnect between supply and demand, according to a Trulia report released Thursday. US home inventory has tumbled to a new low after the eighth straight quarter of decline as supply can not keep up with demand. The drop in availability is being felt most acutely by those seeking starter homes. According to the latest Trulia Inventory and Price Watch, How Rising Home Values May Be Stifling Inventory, the number of starter…

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US House Prices, Sales: January and February 2017

US House Prices, Sales: January and February 2017

House prices in the United States remained flat in January, the first time in more than three years that they have not climbed, according to the Federal Housing Finance Agency monthly House Price Index Friday. As well, new US single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates, said the US Commerce Department also Friday. US New Home Prices, House Sales: January and February…

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US Condominium Absorptions: 3Q 2016

US Condominium Absorptions: 3Q 2016

In 3Q 2016, condominium completions in the US rose considerably to 6,100, which is 2,800 units more than 2Q 2016 and 1,800 higher than completions in 3Q 2015, said the US Census Bureau, in collaboration with the US Department of Housing and Urban Development Tuesday. The condominium absorption rate also posted an increase to 74 per cent, which is 10 percentage points higher than 2Q 2016 and 23 percentage points higher compared to 3Q 2015. US Condominium Inventory Census Bureau,…

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US Construction Spending, House Prices, Home Builder Shares

US Construction Spending, House Prices, Home Builder Shares

Private residential construction in the US got off to an auspicious start in 2017, continuing the growth trend that began in October of last year. National Associ- ation of Home Builders analysis of Census Construction Spending data released Wednesday shows that total private residential construction spending grew 0.5 per cent in January 2017 to a seasonally adjusted annual rate of US$476.4 billion. Meanwhile, the S&P CoreLogic Case-Shiller US Home Price Indices for December were released Tuesday. The national index reached…

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National Association of Home Builders: January 2017

National Association of Home Builders: January 2017

The annual International Builders’ Show was held by the National Association of Home Builders in Orlando, FL, this week. US Housing Market: 2017 Forecast At the annual International Builders’ Show was held by the National Association of Home Builders in Orlando, FL, this week, attendees were told almost 50,000 apartments are being built in North Texas, according to the Dallas News Thursday. And nationwide, developers got permits to start an estimated 383,000 multifamily housing units in 2016. Still, after a…

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