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US Construction Spending, House Prices
Total private residential spending in the US increased 0.3 per cent from the revised November estimate to a seasonally adjusted annual rate of US$349.6 billion, said the National Association of Home Builders Monday. The December month-over-month increase was driven by a 1.2 per cent increase in the single-family component of private residential construction. CoreLogic Tuesday…
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Construction Employment, US
According to the US Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for November, seasonally adjusted, rose to 145,000. The November level marks the 3rd highest total of unfilled jobs in construction during the post-recession period. Rising Number of Open Jobs in…
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US Mortgage Foreclosures Drop
The delinquency rate for US mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 per cent of all loans outstanding at the end of 3Q 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level…
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US New Home Sales
Sales of new US single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 per cent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008.…
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Existing Home Sales, US
US home resales raced to a one-year high in September. The National Association of Realtors said Tuesday existing home sales increased 2.4 per cent to an annual rate of 5.17 million units, the strongest reading since September of last year. US Existing Home Sales While home sales picked up last month, first-time buyers, a critical…
