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Housing Starts, Canada: April 2015
The Canadian Mortgage and Housing Corp reported May 8 that the seasonally adjusted annualized rate of housing starts fell to 181,814 in April from a downwardly revised 189,546 units in March. Canada Housing Starts In Canada, condo starts slipped 14.2 per cent to 107,216, said the CMHC. Single-detached starts rose 11.4 per cent to 58,229.…
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Forestry Week 2015: Vancouver
Last week the Pulp and Paper Products Council and PwC held their annual forestry conferences in Vancouver, BC. As always the events were jam-packed with great speakers providing up-to-the minute information on the latest developments with the forest products industry in North America and internationally. Numerous networking sessions gave the over-capacity crowd a chance to…
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US Architecture Billings Index: March 2015
For the second consecutive month, the US Architecture Billings Index (ABI) has indicated a “modest increase” in design activity in March. The American Institute of Architects (AIA) reported the March ABI score was 51.7, up from a mark of 50.4 in February. The new projects inquiry index was 58.2, up from a reading of 56.6…
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Canada Housing Permits: March 2015
The total value of Canadian building permits rose 11.6 per cent from a month earlier to $6.9 billion in March, said Statistics Canada Thursday. This was the first increase in three months. Higher construction intentions for non-residential buildings in British Columbia and Alberta and for multi-family dwellings in Ontario and British Columbia were responsible for…
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US REO Inventory
Frannie Mae’s statement Friday on 1Q 2015 US REO inventory, “We continue to experience disproportionately higher credit losses and serious delinquency rates from single-family loans originated in 2005 through 2008 than from loans originated in other years. Single-family loans originated in 2005 through 2008 constituted 12 per cent of our single-family book of business as…
