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US Home Building, Sales, Prices
New housing starts data came out of the US this week with a powerful bang. It is important to note that the highest increase in new home building continues to be in the multi-family sector, but for April even single-family building is up more than 10 per cent on a seasonally-adjusted basis. Other indicators continue…
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House Prices Up 5 Per Cent
The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent. Elsewhere, on a…
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US Existing Home Sales: February 2015
Existing home sales in the US increased 1.2 per cent in February, and the share of sales for first-time buyers registered its first gain since last November. The National Association of Realtors (NAR) reported February 2015 total existing home sales at a seasonally adjusted rate of 4.88 million units combined, up from 4.82 million units…
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Single- and Multi-Family Construction, US
Total private residential spending – single-family, multifamily, and home improvements – in the US fell slightly in August, by 0.1 per cent, to a seasonally adjusted annual rate of US$351.7 billion. The latest Census estimate shows gains in the single and multifamily components of private residential construction spending offset by a decline in home improvements.…
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US Housing Starts
Home construction in the US surged in July. Housing starts climbed almost 16 per cent last month to an annual rate of 1.093 million units, the Commerce Department said Tuesday. That marked the highest level of construction since November, driven by a pronounced rise in new apartments. Home construction rose 22 per cent in the…
