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US Home Sales, Mortgages
US foreclosure activity jumped in August for the second consecutive month, industry firm RealtyTrac said on Thursday. Overall, 116,913 properties were at some stage of the foreclosure process, which includes foreclosure notices, scheduled auctions and bank repossessions, the group said. That pushed overall activity up 7 per cent from July. From a year ago, foreclosure…
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US Multi-Family Residential Construction
The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago, said the National Association of Home Builders also Tuesday. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9 per cent and multifamily construction spending increased 38.4 per cent. The current seasonally…
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US Pending, New Home Sales: July ‘14
A gauge of pending home sales rose 3.3 per cent in July to reach the highest level in 11 months, signaling that upcoming closings of existing homes are likely to speed up, the National Association of Realtors reported Thursday. The index of pending home sales hit a seasonally adjusted 105.9 in July, compared with 102.5…
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US Housing Starts
Home construction in the US surged in July. Housing starts climbed almost 16 per cent last month to an annual rate of 1.093 million units, the Commerce Department said Tuesday. That marked the highest level of construction since November, driven by a pronounced rise in new apartments. Home construction rose 22 per cent in the…
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Housing Starts, US
US home construction fell 9.3 per cent in June, a surprising sign of weakness for a sector that has struggled to maintain momentum over the past year. Housing starts sank last month to a seasonally adjusted annual pace of 893,000, the weakest showing since September 2013, the Commerce Department said Thursday. It was the second-straight…
