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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…
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US Housing Market, Home Building
New data out this week from the US Commerce Department, Standard & Poors, RealtyTrac, the National Association of Realtors, and Zillow all show a steady and improving situation for US home selling, house prices, rental rates, and foreclosures. Similarly, the recent release by the Federal Housing Finance Agency (FHFA) shows that its measure of house…
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US Home Sales, Prices: May and June 2015
The House Price Index (HPI) data reported by the Federal Housing Finance Agency (FHFA) shows house prices rose at an annual growth rate of 5.4 per cent in May, higher than the 4.7 per cent in April and the 3.8 per cent in March. The Standard and Poor’s/Case-Shiller reported that the Home Price Index rose…
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US Housing Starts: June 2015
New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 per cent to a 1.17 million annualized rate from a revised 1.07 million in May that was stronger than previously estimated, figures from the Commerce Department showed Friday…
