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US Apartment Vacancy Rate: 1Q 2017
Reis reported Friday that the US apartment vacancy rate was at 4.3 per cent in Q1 2017, up from 4.2 per cent in 4Q 2016, and unchanged from 4.3 per cent in 1Q 2016. The vacancy rate peaked at 8 per cent at the end of 2009. From Reis: Effective Apartment Rents Decline in 23…
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US Real House Prices, Price-to-Rent Ratio: Jan 2017
The Case-Shiller US National Home Price Index rose at a seasonally adjusted annual growth rate of 7.9 per cent, slower than the 9.2 per cent increase in December, according to the S&P Dow Jones Indices Tuesday. In real terms, and as a price-to-rent ratio, [US house] prices are back to late 2003 / early 2004…
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Softwood Lumber Negotiations Update and NAFTA
The latest movement from the new US Administration on trade issues is this week bringing forward NAFTA discussions to the US Congress. Of most interest to the Canadian and US softwood lumber industry, a component of the Administration’s letter appears related to the softwood lumber dispute with Canada. The draft calls for eliminating a provision…
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Canada Rail Transportation 2015, Railway Carloadings: January 2017
Operating revenue for the Canadian railway industry edged up 0.6 per cent from 2014 to $14.4 billion in 2015, said Statistics Canada Friday. Freight transportation revenue, which accounted for 91.2 per cent of total revenue, was up 0.3 per cent to $13.1 billion. In 2015, operating expenses fell 5.3 per cent to $10.0 billion. Meanwhile,…
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Pending Home Sales, US: January 2017
US Pending Home Sales improved 5.5 per cent in February 2017 to its highest level since April 2016, and the second highest since May 2006, said the US National Association of Realtors Wednesday. US Pending and Existing Home Sales: January 2017 The US Pending Home Sales Index increased 5.5 per cent in February 2017 to…
