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US Building Lot Shortage: May 2016
NAHB’s measure of lot shortages hit a new record in May. In answer to special questions on the survey for the NAHB/Wells Fargo Housing Market Index, 64 percent of builders reported that the supply of lots in their markets was low or very low—up from 62 percent last year and the highest the lot shortage…
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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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CMD Construction Spending Forecast
This week was held another excellent conference call at CMD (formerly Reed Construction Data) on the near- to mid-term US Construction forecast. Analysts Kermit Baker and Ken Simonson, out of the American Institute of Architects and Associated General Contractors respectively, and Canadian Alex Carrick of CMD. CMD US Construction Spending Forecast As always starting with…
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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 Construction: March 2016
Construction input prices rose on a monthly basis in March for the rst time in nine months according to an Associated Builders and Contractors (ABC) analysis of the Bureau of Labor Statistics (BLS) Producer Price Index. Input prices expanded 0.9 per cent on a monthly basis in March but are still down 3.4 per cent…
