-
US Housing Starts, Existing Home Sales, Home Construction
Home builders in the US cut back slightly on new construction in the final month of 2015, though they built the most homes last year since 2007. Housing starts fell 2.5 per cent last month to an annual rate of 1.15 million, the US Commerce Department said Wednesday. For the full year home builders started…
-
US Home Prices: October and Year-End 2015
Home prices across the US, including distressed sales, increased by 6.3 per cent in November 2015 compared with November 2014 and increased by 0.5 per- cent in November 2015 compared with October 2015, according to the CoreLogic HPI released Thursday. US House Prices: October and Year-End 2015 The Black Knight current month US home prices…
-
Apartment Vacancy Rates, US: 4Q 2015
Reis reported Wednesday that the apartment vacancy rate in the US increased in 4Q 2015 to 4.4 per cent, up from 4.3 per cent in 3Q, and up from 4.3 per cent in 4Q 2014. The vacancy rate peaked at 8.0 per cent at the end of 2009, and appears to have bottomed at 4.2…
-
Construction Spending, Canada and US
The value of investment in Canada’s new residential building construction rose 4.3 per cent year over year to $4.7 billion in October, following a 4.8 per cent gain the previous month, said Statistics Canada December 22. The increase at the national level was mainly attributable to higher construction spending on apartment and apartment-condominium buildings, which…
-
US Real Estate Conditions Year-End 2015
“Rents Will Rise Faster Than Home Prices In 2016, Consumers Say,” screams a headline from The Mortgage Reports Wednesday. “According to Fannie Mae’s most recent National Housing Survey, US consumers expect that home prices will climb 2.3 per cent between now and next year; and that rents will rise by nearly double that amount.” Each…
