-
Canada Housing Starts: July 2016
The Canadian housing starts report from the Canada Mortgage and Housing Corp released Tuesday showed the seasonally adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Construction of multiple units fell 13.3 per cent. Housing Starts, Canada The expected fallback in Canadian housing starts in June…
-
US Household Debt: 2Q 2016
The Federal Reserve Bank of New York’s Center for Microeconomic Data Tuesday issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by US$35 billion (a 0.3 per cent increase) to US$12.29 trillion during 2Q 2016. This moderate growth was driven by increases in auto loan and credit card debt,…
-
US Housing Affordability: 2Q 2016
According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates…
-
US Real Estate Market, Housing Affordability
Homeownership rates in the US have collapsed to 63.1 per cent, down from 2004 highs of about 69 per cent, according to the US Census Bureau Wednesday. As homeownership rates come full circle from the early 1990s levels, the Median Asking Price for Vacant Units has steadily risen. Meanwhile, according to the National Association of…
-
Canada & US Sawmill Production and Capacity: May 2016
US softwood lumber production for January to May 2016 was 13,369 million board feet, up 1.8 per cent from 13,127 mmfbm one year ago, according to the latest edition of the Western Wood Products Association’s Lumber Track, released Monday. http://www.wwpa.org In Canada production rose 9.2 per cent, to 11,874 mmfbm from 10,878 mmfbm in the…
