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US Housing Starts, Home Prices: June 2017
Residential construction in the US ended 2Q 2017 on a stronger note as ground-breaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday. Housing starts in June jumped 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since…
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US Apartment Market Tightness Index: 2Q 2017
All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still…
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British Columbia Wildfires 2017
INITIALLY PUBLISHED IN Madison’s Lumber Reporter July 14, 2017: Weather experts in western Canada have deemed wildfire season in British Columbia this year as “hazard index high” explained wildfire ecologist Robert Gray to Madison’s Thursday in a phone interview. The weather service expects this hot, dry weather pattern will likely hold for 10 – 12…
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Canada New Housing Price Index: May 2017
Toronto, ON, and Vancouver, BC, were largely responsible for a 0.7 per cent monthly rise in new house prices in Canada in May, said Statistics Canada Thursday. Toronto was the largest contributor to the national gain, rising 1.1 per cent from April to May. Builders linked higher prices to market conditions, a shortage of developed…
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US Home Builders Report Lumber Shortages: May 2017
According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, out Tuesday, the availability of building materials, especially framing lumber, significantly jumped on the list of homebuilder concerns, revealing that 21 per cent of single-family builder respondents reported a shortage of framing lumber. US LUMBER SHORTAGES: MAY 2017 This is a striking…
