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US Housing Inventory: 1Q 2017
The US housing market has again moved toward greater disconnect between supply and demand, according to a Trulia report released Thursday. US home inventory has tumbled to a new low after the eighth straight quarter of decline as supply can not keep up with demand. The drop in availability is being felt most acutely by…
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US House Prices, Sales: January and February 2017
House prices in the United States remained flat in January, the first time in more than three years that they have not climbed, according to the Federal Housing Finance Agency monthly House Price Index Friday. As well, new US single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was…
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US Condominium Absorptions: 3Q 2016
In 3Q 2016, condominium completions in the US rose considerably to 6,100, which is 2,800 units more than 2Q 2016 and 1,800 higher than completions in 3Q 2015, said the US Census Bureau, in collaboration with the US Department of Housing and Urban Development Tuesday. The condominium absorption rate also posted an increase to 74…
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US Construction Spending: January 2017
Private residential construction in the US got off to an auspicious start in 2017, continuing the growth trend that began in October of last year. NAHB analysis of Census Construction Spending data, released March 1, shows that total private residential construction spending grew 0.5 per cent in January 2017 to a seasonally adjusted annual rate…
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Building Materials Price Index: February 2017
The prices of softwood lumber, gypsum, ready-mix concrete, and OSB all increased in February, according to the latest Producer Price Index release by the Bureau of Labor Statistics, out Tuesday. The increases were led by gypsum products, with softwood lumber a close second. After decreasing in four of five months, the price of softwood lumber…
