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US Building Material Prices: October 2016
The latest Producer Price Index (PPI) release by the Bureau of Labor Statistics revealed that the prices for the building materials softwood lumber, OSB, gypsum products, and ready-mix concrete all fell during October. National Association of Home Builders’ Eye on Housing staffer David Logan takes a look at the declines for these materials, specifically pointing…
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US Home Sales, House Prices, Homeownership Rates
Markets in 162 of the approximately 340 metro areas across the US returned to or exceeded their last normal levels of economic and housing activity in 3Q 2016, ac- cording to the National Association of Home Builders/First American Leading Markets Index (LMI) released Tuesday.In 2017, sales of existing homes are forecast to grow roughly 2…
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US New Home Sales, Home Prices: Sept and Aug 2016
Newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in September, up 3.1 per cent from a downwardly revised August gure, and up 29.8 per cent from September 2015. US National Home Price Index: August 2016 The Case-Shiller National Home Price Index, released by S&P Dow Jones Indices, rose…
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US Apartment Stocks, Rental Rates: Sept & 3Q 2016
The US National Multifamily Housing Council released its Apartment Markets Retreat in the October NMHC Quarterly Survey, said Calculated Risk Thursday. The Market Tightness Index fell to 28, the lowest since July 2009 and the fourth quarter in a row showing declining conditions. Meanwhile, the stabilization of the vacancy rate, which has been falling for…
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Housing Market, US: Mid-2016 Update
The US housing market is on a roll and is showing no signs of slowing down — that’s the key takeaway from Goldman Sachs’ most recent Housing Monitor research report, released Thursday. US Housing Market: Mid-2016 Update According to the Goldman Sachs research, US house prices have continued to grow close to a 5 per…
