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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 Home Rentals, Sales, Prices: March 2016
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country. Real estate data firm Zillow said Friday that the median US monthly rent rose a seasonally adjusted 2.6 per cent in March from a year ago, to US$1,389. That…
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US Home Rentals, Sales, Prices: March 2016
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country. Real estate data firm Zillow said Friday that the median US monthly rent rose a seasonally adjusted 2.6 per cent in March from a year ago, to US$1,389. That…
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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…
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US Home Builders Coalition Formed
The National Association of Home Builders (NAHB) announced this week it has formed an alliance as to provide the American consumers with a stable and reliable supply of lumber and building materials, once the Softwood Lumber Agreement expired in October 2015. In addition to the NAHB, founder members of the American Alliance of Lumber Consumers…
