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US New Home Sales: August 2017
CoreLogic Tuesday released its CoreLogic Home Price Index (HPI) and HPI Forecast for August 2017, which shows US home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 per cent from August 2016 to August 2017, and on a month-over-month basis, home prices…
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US Construction Spending: August 2017
Overall construction spending in the US during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5 per cent above the revised July estimate of US$1,212.3 billion, according to the Census Bureau Monday. NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally…
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US New Home Sales: August 2017
Contracts for new single-family home sales in the US declined 3.4 per cent in August to a 560,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Tuesday. This was the second month of decline for the pace of new home sales and the weakest rate…
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Renting in USA: New Reality
A total of 43 million Americans were renters in 2016, and of that number 47.7 per cent were cost-burdened, meaning these consumers spend more than 30 per cent of their income on housing, a threshold long used by the federal government to identify “rent-burdened” households, according to the US Census Bureau’s 2015 American Community Survey.…
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North American Sawmill Capacity Utilization and Lumber Production: June 2017
Rates of production as percent of practical capacity for North American sawmills for June 2017 rose from May to 85% in the US, compared to 86% the previous year and 86% for full year 2016, said the latest issue of the Western Wood Products Association Lumber Track Monday. Capacity utilization of sawmills in Canada for…
