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Tag: us construction spending

Housing Starts, US: June 2016

Housing Starts, US: June 2016

US housing starts for June surged 4.8 per cent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday. May’s starts were revised down to a 1.14 million-unit pace from the previously reported 1.16 million-unit pace. US Housing Starts Housing starts in 2Q were a touch higher than the average for the first three months of the year, suggesting that residential construction was probably a small boost to gross domestic product in the second…

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US Housing Starts: May 2016

US Housing Starts: May 2016

US housing starts slipped in May as the construction of multifamily housing units dropped, but there were further gains in building permits. Groundbreaking fell 0.3 per cent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday. That of single-family homes rose 0.3 per cent to a 764,000-unit pace last month. US Housing Starts: May 2016 Starts on single-family homes, which account for roughly two-thirds of new construction, rose 0.3 per cent in May….

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US Building Lot Shortage: May 2016

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 percentage has been since NAHB began collecting the information in 1997. Perhaps most notable is that builders reported this record shortage at a time when…

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US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016

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. US Real Estate Owned REO (Real Estate Owned) inventory in the US decreased in Q1 for both Fannie and Freddie, and combined inventory is down…

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US Construction: March 2016

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 on a year-over-year basis. Nonresidential construction input prices behaved similarly, expanding 1 per cent for the month but down 3.5 per cent from a year…

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US Housing Starts, Home Equity: January 2016

US Housing Starts, Home Equity: January 2016

US housing starts for February 2016 were up 31 per cent, and — most important for softwood lumber manufacturers in Canada and the US — is US single-family starts are up 24 per cent, both compared to February 2015. Housing starts rose 5.2 per cent from a month earlier to a seasonally adjusted annual rate of 1.178 million in February, the Commerce Department said Wednesday. Starts on single-family homes, which account for roughly two-thirds of the market, rose 7.2 per…

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US Housing Starts Index, Home Sales: January 2016

US Housing Starts Index, Home Sales: January 2016

US home building data for January showed declines for new home sales and housing construction said the National Association of Home Builders Wednesday. Builder confidence also declined but remains in positive territory. NAHB’s forecast is for continued, modest growth for single-family construction and a slowing of the growth rate for multifamily development in 2016. The NAHB/Wells Fargo Housing Market Index measure of single-family builder sentiment declined three points in February to 58 – still well above the tipping point of…

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US Real Estate Update

US Real Estate Update

The data also shows that total housing inventory at the end of December dropped 12.3 per cent to 1.79 million existing homes available for sale, and is now 3.8 per cent lower than a year ago. Unsold inventory is at a 3.9 month supply at the current sales pace, down from 5.1 months in November and the lowest since January 2005 when it was 3.6 months. National Association of Realtors Although some growth is expected, the housing market will struggle…

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Construction Spending, Canada and US

Construction Spending, Canada and US

The value of investment in Canada’s new residential building construction rose 4.3 per cent year over year to $4.7 billion in October, following a 4.8 per cent gain the previous month, said Statistics Canada December 22. The increase at the national level was mainly attributable to higher construction spending on apartment and apartment-condominium buildings, which offset declines in investment related to single-family and semi-detached dwelling construction. Elsewhere, the US Census Bureau of the Department of Commerce announced Monday that construction…

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