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US Existing Home Sales: February 2015
Existing home sales in the US increased 1.2 per cent in February, and the share of sales for first-time buyers registered its first gain since last November. The National Association of Realtors (NAR) reported February 2015 total existing home sales at a seasonally adjusted rate of 4.88 million units combined, up from 4.82 million units…
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US Home Sales, Prices
Builders in the US signed contracts on more homes last month than any time since early 2008, according to figures released by the Census Bureau and HUD. February seasonally adjusted annual new home sales topped out at a 539,000 annual pace, up 7.8 per cent from a healthy 500,000 rate in January. In percentage terms,…
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US Rental Apartment Absorption Rates: 3Q 2014
Absorption completions continued to rise during 3Q 2014. While for-rent apartment absorption rates remained strong at the end of 2014, there was a drop in short-term absorptions for the condominium and co-op market According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of…
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US New and Pending Homes Sales: January 2015
The US Commerce Department said Wednesday that sales of new homes in January dipped 0.2 per cent to 481,000 units. The January 2015 pace of new home sales in the US, released by the Census Department Wednesday, was 5.3 per cent higher than the sales rate recorded in January 2014. Total inventory was 218,000, seasonally…
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US Housing Starts: January 2015
Construction starts on new homes in the US fell 2 per cent in January, data released Wednesday by the US Commerce Department shows. Housing starts dropped to a seasonally adjusted, annual rate of 1.065 million, below December’s downwardly revised estimate of 1.087 million. Still, last month’s rate was 18.7 per cent above the 897,000 annual…
