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US Residential Property Values: September 2015
The typical size of newly built single-family homes was effectively unchanged from 2Q to 3Qf 2015, posting a small quarterly decline. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical…
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US Apartment Absorptions: 2Q 2015
The US rental apartment market continued to be strong during 2Q 2015, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments, completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with…
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Canada and BC Lumber Manufacturing, US Sawmill Trade 3Q 2015
New data out this week from Statistics Canada and the US Census shows stability in North America lumber manufacturing and cross-border trade. Madison’s Forest Pulse 3Q 2015 The next issue of quarterly Madison’s Forest Pulse will be out next week, and the latest data on Canadian softwood lumber production, sawmill sales, and lumber exports together…
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US Housing Starts, Sales
Construction companies in the US built more apartment complexes in September, resulting in a temporary rise in housing starts for a real estate market that otherwise appeared to have crested during the summer. Housing starts last month rose 6.5 per cent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said…
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US Housing and Real Estate Situation
By: Stephen Kim, Barclays’ US building products and home-building-equity analyst via Business Insider “At this point, it has become hard to overlook housing’s dismally slow pace of recovery. Sure, home prices are back to historic highs and housing-market activity continues to pick up, but many important aspects of the housing market are depressed. The housing…
