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Producer Price Index, US: January 2015
US producer prices posted a record decline in January, weighed down by plunging energy costs, pointing to very benign inflation pressures in the near term. The Labor Department said Wednesday its producer price index for final demand dropped 0.8 per cent, the biggest drop since the revamped series started in November 2009, after falling 0.2…
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US Housing Starts: January 2015
Construction starts on new homes in the US fell 2 per cent in January, data released Wednesday by the US Commerce Department shows. Housing starts dropped to a seasonally adjusted, annual rate of 1.065 million, below December’s downwardly revised estimate of 1.087 million. Still, last month’s rate was 18.7 per cent above the 897,000 annual…
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Housing Starts, Canada: January 2015
Home builders in Canada largely shrugged off the woes of the oil patch as the pace of new residential construction picked up in January. Housing starts rose to a seasonally adjusted 187,276 in January, increasing 4.3 per cent compared to December, Canada Mortgage and Housing Corporation reported February 9. Canada Housing Starts The rise in…
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US Housing Affordability Edges Up
Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in 4Q 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index Thursday. In all, 62.8 per cent of new and existing homes sold between the beginning of October and end…
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US Home Prices: 4Q 2014
During the last quarter of 2014, the United States saw solid price growth for homes, with most metro areas seeing a slightly stronger rate of growth. According to Propertywire Wednesday, this growth was due to lower levels of housing supplies combined with low interest rates and an improving jobs market, with these facts being gleaned…
