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US House Prices
US home prices climbed 0.6 per cent on a seasonally adjusted basis from June, the Federal Housing Finance Agency said in a report from Washington Tuesday. The gain was 5.8 per cent from a year earlier. The FHFA’s index is 1.1 per cent below its March 2007 peak and about the same as the November…
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US Housing Market: Latest Updates
US Housing Market Two Outs in The Bottom of The Ninth “There is a good reason people with credit scores below 620 are classified as sub-prime. Scores this low result from missing multiple payments on credit cards and loans, having multiple collection items or judgments and potentially having a very recent bankruptcy or foreclosure. They…
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US Housing Starts: August 2015
Home-building in the US slipped in August, with declines in both single-family and apartment-building construction. US housing starts fell 3 per cent from a month earlier to a seasonally adjusted annual rate of 1.126 million last month, the Commerce Department said Thursday. Moreover, new applications for building permits rose 3.5 per cent to 1.17 million,…
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US Real Estate and General Economic Indicators
“There’s still plenty of pent up activity in the housing sector. And it’s hard to see the US economy running out of steam with this much upside left in residential investment, according to some economists and analysts,” said Bloomberg Business Thursday. “New [home] foreclosures have dropped to precrisis levels and sales of previously owned homes—the…
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Canada and US Residential Construction Spending
Canadian investment in residential construction totalled $28.9 billion in 2Q, up 4 per cent from the same quarter in 2014, said Statistics Canada Thursday. Renovation spending (up 4.3 per cent to $13.9 billion), investment in apartment and apartment-condominium buildings (up 9.9 percent to $3.9 billion) and acquisition costs for new dwelling units built (up 9.9…
