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Canada Gross Domestic Product: 3Q 2015
Canada’s real gross domestic product (GDP) rose 0.6 per cent in the 3Q, according to Statistics Canada December 1, following two consecutive quarterly declines. The quarterly growth was driven by increased international demand for Canadian goods and services as exports grew 2.3 per cent. Final domestic demand was flat after edging up 0.1 per cent…
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US Construction, Single Family
Due to the surge in multifamily development and the ongoing modest growth for single-family, there has been a noticeable shift in the market shares of housing units under construction, said the US National Associ- ation of Home Builders Thursday. The Census housing starts data illustrate a trend to more multifamily units in the production pipeline.…
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Los Angeles Port Traffic: November 2015
Strong cargo volume continued at the Port of Long Beach in November with 6.6 per cent growth in container trade over the same month last year. It was the fifth straight month of increases and enough cargo to rack up the second-busiest November in the Port’s 104-year history. Upcoming post-holiday sales planned by retailers across…
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Residential Price Index, US Houses: October 2015
In addition to Case-Shiller, and CoreLogic, there is also FNC, Zillow, and sev- eral other house price indexes. FNC have released their October 2015 index data, reporting that their Residen- tial Price IndexTM (RPI) indicates that US residential property values decreased 0.1 per cent from September to October (Composite 100 index, not seasonally ad- justed).…
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US Housing Starts: November 2015
New-home construction in the US rebounded in November, led by gains in single-family dwellings that signal the residential real estate industry will continue to support growth in the world’s largest economy. Housing starts climbed 10.5 per cent to a 1.17 million annualized rate, from a 1.06 million pace in October, figures from the Commerce Department…
