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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…
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US housing starts February 2016 up 31%; single-family starts up 24%, both compared to 2015
https://twitter.com/LumberNews @lumbernews US housing starts in February were 30.9% higher than in February a year ago, http://on.wsj.com/1UfE3us via @WSJ important for softwood lumber manufacturers in Canada & US is single-family starts up 24% compared to one year ago .
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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…
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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…
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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…
