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US New and Existing Home Sales, Prices, Inventory: July 2017
According to the US Census Bureau and the US Department of Housing and Urban Development Wednesday, sales of new single-family homes in the US fell 9.4 per cent over the month of July to a seasonally adjusted annual rate of 571,000. Despite the declines, sales over the first seven months of 2017 are 9.2 per…
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US Home Equity for New Small Businesses
Equity in a home was used as a source of capital to start 284,618 businesses in the US—7.3 per cent of all businesses—according to a new source of data released August 10 by the US Census Bureau. The new data source is the Annual Survey of Entrepreneurs, which collects economic and demographic information on businesses…
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US Private Residential Construction Spending: June 2017
National Association of Home Builders analysis of Census Construction Spending data released Tuesday shows that total private residential construction spending stood at a seasonally adjusted annual rate of $US502.9 billion in June, 0.2 per cent lower than downwardly revised May estimates. It was the third consecutive monthly decrease after a strong start this year. Nevertheless,…
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Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017
US Coniferous Sawn Wood Imports: May 2017 According to the latest figures from the US Department of Agriculture’s Foreign Agriculture Service, for January to May 2017 the USA imported US$2,235 billion of softwood lumber from the World, which amounts to a 17 per cent increase from the first five months of the previous year, when…
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US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017
According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q…
