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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…
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US Rental Rate Increases
USA Today reported Tuesday that apartment lease renewals hit an all-time high of nearly 54 per cent in 2016. This is up from 52.9 per cent last year and a more-conventional 45 per cent in the mid 2000s. US Rental Rates Millennials are faced with student debt and expensive home buying options, which drives…
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US House Prices, Construction Spending
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices Wednesday, continued its upward trend in June. The index rose at a 2.5 per cent seasonally adjusted annual pace, faster than the 1.6 per cent in May. Elsewhere, NAHB analysis of Census Construction Spending data Thursday shows that total private residential construction…
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US Negative Equity Rate, Home Property Values
According to the Zillow Negative 2Q Equity Report, released Thursday, the overall US negative equity rate as of the end of 2Q 2016 – the share of homeowners that were underwater, owing more to their lenders than their home was worth – was 12.1 per cent. That’s down from 12.7 per cent in 1Q and…
