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Housing Starts, US: June 2016
US housing starts for June surged 4.8 per cent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday. May’s starts were revised down to a 1.14 million-unit pace from the previously reported 1.16 million-unit pace. US Housing Starts Housing starts in 2Q were a touch higher than the…
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US Housing Starts: May 2016
US housing starts slipped in May as the construction of multifamily housing units dropped, but there were further gains in building permits. Groundbreaking fell 0.3 per cent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday. That of single-family homes rose 0.3 per cent to a 764,000-unit pace…
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US Building Lot Shortage: May 2016
NAHB’s measure of lot shortages hit a new record in May. In answer to special questions on the survey for the NAHB/Wells Fargo Housing Market Index, 64 percent of builders reported that the supply of lots in their markets was low or very low—up from 62 percent last year and the highest the lot shortage…
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US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016
FANNIE MAE reported Thursday the number of Real Estate Owned inventory declined to 52,289 at the end of 1Q 2016, compared to 79,319 at the end of 1Q 2015. FREDDIE MAC reported the number of REO inventory declined to 15,409 at the end of Q1 2106 compared to 22,738 at the end of Q1 2015.…
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US Construction: March 2016
Construction input prices rose on a monthly basis in March for the rst time in nine months according to an Associated Builders and Contractors (ABC) analysis of the Bureau of Labor Statistics (BLS) Producer Price Index. Input prices expanded 0.9 per cent on a monthly basis in March but are still down 3.4 per cent…
