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US Housing Starts
Housing starts in the US fell 6.5 per cent in May to a seasonally adjusted annual pace of 1.001 million, the Commerce Department said Tuesday. That marked the first decline in four months. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9 per cent, while multifamily fell 7.6 per…
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US Real Estate, Mortgages
Asking home prices rose at their slowest rate in 13 months, rising just 8 per cent year-over-year, or 7.2 per cent excluding foreclosures, according to Trulia Thursday. Although this year-over-year increase is slower than in previous months, an 8 per cent increase is still far above the long-term historical norm for home-price appreciation, the agency…
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US Building Season 2014
The inside word with forest product industry players this year is that hot US remodelling and DIY activity, as well as continued stable demand for industrials, are keeping North American lumber supplies lean. Many agree that — barring an extreme circumstance — lumber manufacturing volumes have stabilized and solid wood prices have found a floor.…
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Housing Starts, Sales : US
Groundbreaking on new US homes dropped 16 per cent in January compared to December, and dipped 2 per cent lower than their level one year earlier, data released by the US government Friday shows. The decrease had been widely expected, thanks to January’s cold and stormy weather. New home starts in January were at an…
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National Association of Home Builders’ Convention
The data looks very good for all types of US housing starts in 2014 and beyond, according to economists from the National Association of Home Builders (NAHB) Wednesday. The association is forecasting 1.15 million total housing starts in 2014, up 24.5 per cent from last year’s total of 928,000 units. Single-family production is projected to…
