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Tag: US housing starts

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 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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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 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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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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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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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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