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US Housing Starts, Home Sales: February & March 2017
Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of…
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US Apartment Vacancy Rate: 1Q 2017
Reis reported Friday that the US apartment vacancy rate was at 4.3 per cent in Q1 2017, up from 4.2 per cent in 4Q 2016, and unchanged from 4.3 per cent in 1Q 2016. The vacancy rate peaked at 8 per cent at the end of 2009. From Reis: Effective Apartment Rents Decline in 23…
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Pending Home Sales, US: January 2017
US Pending Home Sales improved 5.5 per cent in February 2017 to its highest level since April 2016, and the second highest since May 2006, said the US National Association of Realtors Wednesday. US Pending and Existing Home Sales: January 2017 The US Pending Home Sales Index increased 5.5 per cent in February 2017 to…
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US Housing Inventory: 1Q 2017
The US housing market has again moved toward greater disconnect between supply and demand, according to a Trulia report released Thursday. US home inventory has tumbled to a new low after the eighth straight quarter of decline as supply can not keep up with demand. The drop in availability is being felt most acutely by…
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US House Prices, Sales: January and February 2017
House prices in the United States remained flat in January, the first time in more than three years that they have not climbed, according to the Federal Housing Finance Agency monthly House Price Index Friday. As well, new US single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was…
