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US New Home Sales, June 2016
The US Census Bureau and Department of Housing and Urban Development in a joint release Tuesday reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 592 thousand in June and revised May sales up to 572 thousand. This pace represents steady progress from housing bust lows below 300 thousand…
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Madison’s Interactive Web Price Graphing Tool : Beta Testing
Take this limited-time opportunity to be a beta-tester! Madison’s Interactive Web Price Graphing Tool is almost finished development stage and will soon begin pre-publication sale. To access simply visit: http://mlrdemo.gobi.ca Username: portland Password: Pine2014
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US House Prices, New Home Sales Volatility
The pace of the S&P CoreLogic Case-Shiller US National Home Price Index index (equal to 100 in January 2000) rose from 136.7 in December 2011 to 179.4 in May of 2016. The monthly change between April and May was 0.2 per cent, or 2.3 per cent on an annualized basis, and the index is up…
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Softwood Lumber Smack Talk
In a new development best received with foreboding, 25 US Senators this week sent a signed letter to US Trade Representative Michael Froman alleging “Canadian lumber is subsidized, unfairly traded and has had decades worth of well-documented adverse economic impacts in the US.” As a result of this communication, Canada’s ambassador to the US, David…
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US Real Estate and Housing Market: Mid-2016 Update
The latest data out of the US this week shows sales of new single-family homes likely grew at a rate of 530,000 units in June, up 8.6 per cent from a 488,000 annualized pace in May, the Mortgage Bankers Association said Thursday. June’s estimated pace of sales was up 7 per cent from a year…
