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US AD&C Lending Condition: July 2015
Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s most recent survey on AD&C financing, although a separate Federal Reserve survey is trending differently. In the second quarter of 2015, the overall net tightening index of the NAHB survey was -30.7,which represents somewhat less easing…
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US Rates on New Home Loans: July 2015
On average, the contract rate on conventional mortgages used to purchase newly-built homes increased 12 basis points in July, to 3.98 per cent, according to data released Friday by the Federal Housing Finance Agency. At 3.98, this is the highest the contract rate has been since December of last year. Initial fees have some ability…
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US Southern Pine Lumber Exports: June 2015
Southern Pine lumber exports were just under 46 MMbf during June 2015, the Southern Forest Products Association said in the press release also Wednesday. This volume represents a boost of 11 per cent above the same month last year, contributing to a year-to-date increase of 7 per cent when compared with the first half of…
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US Mortgage Deliquency: July 2015
Freddie Mac reported Friday that the Single-Family serious delinquency rate declined in July to 1.48 per cent, down from 1.53 per cent in June. Freddie’s rate is down from 2.02 per cent in July 2014, and the rate in July was the lowest level since October 2008. Freddie’s serious delinquency rate peaked in February 2010…
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Canada Industrial Price Index: July 2015
The Industrial Product Price Index increased 0.7 per cent in July, mainly because of higher prices for motorized and recreational vehicles, said Statistics Canada also Friday. The Raw Materials Price Index declined 5.9 per cent in July, led by lower prices for crude energy products. Canada Industrial Product and Raw Materials Prices The Industrial Product…
