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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
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US Builder Confidence
The US Home Builder Confidence Index, which measures confidence in the market for new single-family homes, declined by five points to a seasonally adjusted level of 54 in October, the National Association of Home Builders said Thursday. A reading over 50 means most builders generally see positive conditions. The index jumped in September to 59,…
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US Home Sales, Mortgages
US foreclosure activity jumped in August for the second consecutive month, industry firm RealtyTrac said on Thursday. Overall, 116,913 properties were at some stage of the foreclosure process, which includes foreclosure notices, scheduled auctions and bank repossessions, the group said. That pushed overall activity up 7 per cent from July. From a year ago, foreclosure…
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US Multi-Family Residential Construction
The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago, said the National Association of Home Builders also Tuesday. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9 per cent and multifamily construction spending increased 38.4 per cent. The current seasonally…
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US Pending, New Home Sales: July ‘14
A gauge of pending home sales rose 3.3 per cent in July to reach the highest level in 11 months, signaling that upcoming closings of existing homes are likely to speed up, the National Association of Realtors reported Thursday. The index of pending home sales hit a seasonally adjusted 105.9 in July, compared with 102.5…
