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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…
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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…
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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…
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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…
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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…
