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Japan Housing Starts: July 2016
Japan’s Ministry of Land, Infrastructure and Transport disclosed Japan housing total starts at 85,208 units, and 8.9 per cent increase over one year ago and a 0.1 per cent drop from June, said the Japan Lumber Reports Friday. Japan Housing Starts: July 2016 Japan’s housing starts have been above 85,000 units for two months in…
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US Rental Rate Increases
USA Today reported Tuesday that apartment lease renewals hit an all-time high of nearly 54 per cent in 2016. This is up from 52.9 per cent last year and a more-conventional 45 per cent in the mid 2000s. US Rental Rates Millennials are faced with student debt and expensive home buying options, which drives…
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US Construction Employment Crisis
US construction employment slipped from July to August for the fourth time in five months, according to an analysis by the Associated General Contractors of America released September 2. US Construction Employment Problem US construction employment slipped from July to August for the fourth time in five months, but spending data suggest the recent weakness…
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Canada/US Softwood Lumber Negotiations Update
Last week Madison’s was contacted by representatives at the US Lumber Coalition, for their update on negotiations between the US Trade Department and Global Affairs Canada about the now-expired Softwood Lumber Agreement. “Our goal is to have market share negotiated, implemented using border measures,” detailed US Coalition reps. “A quota is our answer. The 2006…
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US House Prices, Construction Spending
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices Wednesday, continued its upward trend in June. The index rose at a 2.5 per cent seasonally adjusted annual pace, faster than the 1.6 per cent in May. Elsewhere, NAHB analysis of Census Construction Spending data Thursday shows that total private residential construction…
