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US House Prices
The CoreLogic HPI Forecast, released Tuesday, indicates that home prices in the US are projected to increase by 4.7 per cent on a year-over-year basis from September 2015 to September 2016, but could potentially dip slightly month over month from September 2015 to October 2015. US House Prices The CoreLogic Home Price Index Forecast indicates…
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Canada Building Permits: September 2015
Municipalities issued $7.1 billion worth of building permits in September, down 6.7 per cent from the previous month, said Statistics Canada Friday. This was the second consecutive monthly decline. Lower construction intentions for residential buildings and commercial structures in Ontario largely explained the decline. Building Permits, Canada The value of residential building permits declined 11.6…
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Taiga Reports
Taiga Building Products Thursday reported its financial results for the three and six months ended September 30, 2015. Sales for 2Q increased to $388 million from $383.6 million in the same quarter last year. The increase in sales by $4.4 million or 1.2 per cent was largely due to increased demand in the US. Gross…
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US REO Inventory: 3Q 2015
Freddie Mac Tuesday reported a net loss of US$475 million for 3Q 2015, compared to net income of US$4.2 billion for 2Q 2015. The company also reported a comprehensive loss of US$501 million for 3Q 2015, compared to comprehensive income of US$3.9 billion for 2Q 2015. Single-family Real Estate Owned (REO) inventory (measured in number…
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US Construction Spending: September 2015
National Association of Home Builders analysis of Census construction spending data showed Wednesday that total US private residential construction spending for September increased, rising to a seasonally adjusted annual rate of US$395 billion. On a month-over-month basis, private single-family spending was US$222 billion, up by 1.3 per cent over the revised August estimate. Private multifamily…
