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US Home Sales, House Prices, Construction Spending: Nov 2017

US Home Sales, House Prices, Construction Spending: Nov 2017

The latest data out of various US home building and sales agencies show a housing construction market much hotter than was anticipated in most projections for 2017.   Construction spending in the US during November 2017 was estimated at a seasonally adjusted annual rate of US$1,257 billion, 0.8 per cent above the revised October estimate of US$1,247 billion, reported the US Commerce Department Tuesday. The November figure is +2.4 per cent above the November 2016 estimate of US$1,227 billion. Spending…

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US Housing Market Update: Aug and Sept 2017

US Housing Market Update: Aug and Sept 2017

The S&P CoreLogic Case-Shiller US National Home Price Index, reported Tuesday, had a 6.1 per cent annual gain in August, up from 5.9 per cent in the previous month. The 10-City Composite annual increase came in at 5.3 per cent, up from 5.2 per cent the previous month. The 20-City Composite posted a 5.9 per cent year-over-year gain, up from 5.8 per cent the previous month. On Wednesday, the US Census Bureau said construction spending during September 2017 was estimated…

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US New Home Sales: September 2017

US New Home Sales: September 2017

Contracts for new US home sales expanded by 18.9 per cent in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Wednesday. The solid reading in September returns new home sales to the positive growth trend it has been on for several years. this is a very important graph: the latest data shows that new US single-family home building is not keeping up with demand

US Housing Starts: September 2017

US Housing Starts: September 2017

The US Commerce Department revealed Wednesday in the latest data, that housing starts in the US decreased 4.7 per cent to a seasonally adjusted annual rate of 1.127 million units in August. US Housing Starts The US Commerce Department said Thursday that the drop in September data was the lowest level since September 2016 and marked the third monthly decline in starts. Groundbreaking for new home construction tumbled 9.3 per cent in the South to the lowest level since October…

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US Construction Job Openings: August 2017

US Construction Job Openings: August 2017

The count of unfilled jobs in the US construction sector continued to rise in August, reaching the highest level since February 2007, according to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis. The number of open construction sector jobs increased to 247,000 in August. This represents a 34 per cent increase since August 2016. US Construction Job Openings: August 2017 According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis released Wednesday,…

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US New Home Sales: August 2017

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 increased by 0.9 per cent in August 2017 compared with July 2017, according to the CoreLogic HPI. The CoreLogic HPI is a three month weighted…

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US Construction Spending: August 2017

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 adjusted annual rate of US$520.9 billion in August, 0.5 per cent up from downwardly revised July estimates. US Construction Spending: August 2017 The monthly gains…

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US New Home Sales: August 2017

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 since December of last year. The three-month moving average of new home sales also weakened to 585,000, the lowest since January of this year. US…

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Renting in USA: New Reality

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. Nearly half of renter households (48 per cent) in the US were rent-burdened in 2015. THE DEMOGRAPHICS OF COST-BURDENED RENTERS: 2017 A total of 43…

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North American Sawmill Capacity Utilization and Lumber Production: June 2017

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 June dropped to 93% from May. In June last year and for full year 2016 it was 91%. North American Sawmill Capacity Utilization and Lumber…

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