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US Apartment Market Tightness Index: 2Q 2017
All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still…
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US Home Builders Report Lumber Shortages: May 2017
According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, out Tuesday, the availability of building materials, especially framing lumber, significantly jumped on the list of homebuilder concerns, revealing that 21 per cent of single-family builder respondents reported a shortage of framing lumber. US LUMBER SHORTAGES: MAY 2017 This is a striking…
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US Residential Construction Spending and Investment: May and 1Q 2017
National Association of Home Builders analysis of Census Construction Spending Wednesday data shows that total private residential construction spending in the US fell -0.6 per cent in May, the first decline after a strong start this year and the largest one since June 2014. Elsewhere, final estimates of 1Q 2017 GDP growth (revised up two-tenths…
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US House Prices, Pending Home Sales: April & May 17
The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) Tuesday released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. US House Prices, Pending Home Sales: April & May 17 The Case-Shiller US National Home Price Index, reported by S&P…
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US New and Existing Home Sales, Inventory: May 2017
Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace…
