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US Housing Starts, Home Building: April 2016
April new home groundbreaking in the US increased 6.6 per cent to 1.17 million units, the Commerce Department said Tuesday. US housing starts rose 6.6 per cent to an annualized pace of 1.17 million units, as low mortgage rates continue to spur demand for home ownership. Building permits meanwhile climbed 3.6 per cent to a…
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Canada Housing Construction Investment: March 2016
Investment in new Canadian residential construction totalled $3.8 billion in March, up 9.7 per cent from the same month a year earlier, said Statistics Canada Friday. At the national level, higher spending on apartment and apartment-condominium buildings, which rose 19.9 per cent to $1.4 billion, and single-family dwellings, which increased 5.9 per cent to $1.9…
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Canada Lumber Manufacturing Sales, US Building Material Retail Sales: Mar ’16
Provincial Manufacturing Sales at Canadian Sawmills: Values 2012 to MAR 2016 BC C$1,271 million C$1,355 million 6.20% QUEBEC C$697 million C$693 million -0.60% ALBERTA C$394 million C$421 million 6.40% Total TOP 3 C$2,362 million C$2,470 million 4.40% 2015 to MAR 2016 to MAR US Building Material & Supplies Retail Trade:VALS ’12 to MAR ’16 US$59,573…
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US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016
FANNIE MAE reported Thursday the number of Real Estate Owned inventory declined to 52,289 at the end of 1Q 2016, compared to 79,319 at the end of 1Q 2015. FREDDIE MAC reported the number of REO inventory declined to 15,409 at the end of Q1 2106 compared to 22,738 at the end of Q1 2015.…
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US Home Rentals, Sales, Prices: March 2016
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country. Real estate data firm Zillow said Friday that the median US monthly rent rose a seasonally adjusted 2.6 per cent in March from a year ago, to US$1,389. That…
