Browsed by
Tag: us house inventory

US Private Residential Construction Spending: June 2017

US Private Residential Construction Spending: June 2017

National Association of Home Builders analysis of Census Construction Spending data released Tuesday shows that total private residential construction spending stood at a seasonally adjusted annual rate of $US502.9 billion in June, 0.2 per cent lower than downwardly revised May estimates. It was the third consecutive monthly decrease after a strong start this year. Nevertheless, the total private residential construction spending was 9.2 per cent higher than a year ago. US Residential Construction Spending The monthly declines in US construction…

Read More Read More

Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017

Canada Lumber Production, Exports; US Consumption, Imports & Log Exports: May 2017

US Coniferous Sawn Wood Imports: May 2017 According to the latest figures from the US Department of Agriculture’s Foreign Agriculture Service, for January to May 2017 the USA imported US$2,235 billion of softwood lumber from the World, which amounts to a 17 per cent increase from the first five months of the previous year, when it was US$1,858 billion. The vast majority of this wood came from Canada, with US imports of Canadian softwood lumber up 16 per cent to…

Read More Read More

US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017

US Home Sales, Prices, Ownership Rates: May, June, 2Q 2017

According to the US Census Bureau’s Housing Vacancy Survey, released Thursday the US homeownership rate was 63.7 per cent in 2Q 2017, which is statistically no different from its last quarter reading of 63.6 per cent. The rate of homeownership appears to be stabilizing after reaching a cycle low of 62.9 per cent in 2Q 2016 said the Census Bureau. US HOME SALES AND INVENTORY, PRICES, OWNERSHIP RATES Home Ownership Rates, Household Formation: 2Q 2017 The rate of homeownership appears…

Read More Read More

US Housing Starts, Home Prices: June 2017

US Housing Starts, Home Prices: June 2017

Residential construction in the US ended 2Q 2017 on a stronger note as ground-breaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday. Housing starts in June jumped 8.3 per cent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February, as both single-family and multi-family construction rebounded after a recent slump. US Home Sales: June 2017 US existing home sales as estimated by the…

Read More Read More

US Apartment Market Tightness Index: 2Q 2017

US Apartment Market Tightness Index: 2Q 2017

All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions, released Thursday, remained slightly below the breakeven level of 50, the fourth consecutive quarter, indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still hovered just below 50. The Market Tightness Index edged up from 41 to 43. The US Apartment Market Tightness Index edged up from 41 to…

Read More Read More

US Home Builders Report Lumber Shortages: May 2017

US Home Builders Report Lumber Shortages: May 2017

According to the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, out Tuesday, the availability of building materials, especially framing lumber, significantly jumped on the list of homebuilder concerns, revealing that 21 per cent of single-family builder respondents reported a shortage of framing lumber. US LUMBER SHORTAGES: MAY 2017 This is a striking jump from 2014 when no product or material was cited as being in short supply by more than 15 per cent of builders. In fact,…

Read More Read More

US Residential Construction Spending and Investment: May and 1Q 2017

US Residential Construction Spending and Investment: May and 1Q 2017

 National Association of Home Builders analysis of Census Construction Spending Wednesday data shows that total private residential construction spending in the US fell -0.6 per cent in May, the first decline after a strong start this year and the largest one since June 2014. Elsewhere, final estimates of 1Q 2017 GDP growth (revised up two-tenths of a percentage point to 1.4 per cent) released June 30, show that housing’s share of gross domestic product (GDP) was unchanged at 15.6 per…

Read More Read More

US House Prices, Pending Home Sales: April & May 17

US House Prices, Pending Home Sales: April & May 17

The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) Tuesday released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. US House Prices, Pending Home Sales: April & May 17 The Case-Shiller US National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 2 per cent in April, down from 3 per cent in March. After…

Read More Read More

US New and Existing Home Sales, Inventory: May 2017

US New and Existing Home Sales, Inventory: May 2017

Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace to 593,000. The growth in sales continues along a positive trend for the market, which is sup- ported by solid job growth, improving household formations,…

Read More Read More

US Housing Starts: May 2017

US Housing Starts: May 2017

Total housing starts in the US declined in May after a few, strong early months to begin 2017. Total starts were down 5.5 per cent, falling to a 1.092 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Declines were recorded for both single-family and multifamily development. Single-family starts fell back, declining to a 794,000 annual rate. The February annualized rate, 877,000, was the fastest monthly pace since the Great Recession….

Read More Read More