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US Building Lot Shortage: May 2016
NAHB’s measure of lot shortages hit a new record in May. In answer to special questions on the survey for the NAHB/Wells Fargo Housing Market Index, 64 percent of builders reported that the supply of lots in their markets was low or very low—up from 62 percent last year and the highest the lot shortage…
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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
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Catalyst Paper Bid
Catalyst Paper Corporation (CPC) has received an expression of intent for its acquisition from an international corporation with headquarters in India, it was publically revealed this week. If accepted, the acquisition would give Kejriwal Group International (KGI) majority control of CPC. The expression of intent details a transaction in which KGI acquires majority shares at…
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USDA Softwood Lumber Checkoff Unlawful in US
A US federal judge has ruled the USDA violated the law in creating the softwood lumber checkoff, which raises money to promote the use of US and Canadian wood in US construction, according to Capital Press Thursday. Companies that manufacture more than 15 million board-feet of lumber a year — enough to build 1,000 homes…
