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NMHC: Apartment Market Conditions Slightly Tighter in January Survey
Apartment markets expanded in three of four areas in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions, indicating a slight moderation of the pace of improvement. Only the sales volume index (44) dropped below 50, with market tightness (51), equity financing (55) and debt financing (71) showing continued expansion. From…
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Construction Employment, US
According to the US Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for November, seasonally adjusted, rose to 145,000. The November level marks the 3rd highest total of unfilled jobs in construction during the post-recession period. Rising Number of Open Jobs in…
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Japan Housing Starts: Nov 2014
According to a report released by the Ministry of Land, Infrastructure, Transport and Tourism on December 25, 2014, Japan’s housing starts in November 2014 were 78,364 units, down 14.3 per cent from the same month in the previous year, recoding a decline for nine consecutive months, according to Japan Lumber Journal Thursday. Compared to November…
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US Mortgage Foreclosures Lowest Since 2006
The number of US properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said Thursday. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 per cent from 2013 and off 61 per cent from the peak…
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Softwood Lumber Board Seeks Candidates
The Softwood Lumber Board (SLB) seeks nominations of softwood lumber manufacturers and importers interested in candidacy for Board seats coming open in January 2016. The deadline for nominations is March 6th 2015. The 19-member board will hold elections to fill six seats for members whose terms expire on Dec. 31, 2015. Domestic manufacturers will fill…
