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US Housing Starts, Home Sales: February & March 2017
Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of…
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US Construction Jobs: February 2017
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis April 11, the number of open construction sector jobs rose to 169,000 in February. The cycle high is 238,000, set in July of last year. The open position rate (job openings as a percent of total employment) for February increased to…
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US Apartment Vacancy Rate: 1Q 2017
Reis reported Friday that the US apartment vacancy rate was at 4.3 per cent in Q1 2017, up from 4.2 per cent in 4Q 2016, and unchanged from 4.3 per cent in 1Q 2016. The vacancy rate peaked at 8 per cent at the end of 2009. From Reis: Effective Apartment Rents Decline in 23…
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US Real House Prices, Price-to-Rent Ratio: Jan 2017
The Case-Shiller US National Home Price Index rose at a seasonally adjusted annual growth rate of 7.9 per cent, slower than the 9.2 per cent increase in December, according to the S&P Dow Jones Indices Tuesday. In real terms, and as a price-to-rent ratio, [US house] prices are back to late 2003 / early 2004…
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Pending Home Sales, US: January 2017
US Pending Home Sales improved 5.5 per cent in February 2017 to its highest level since April 2016, and the second highest since May 2006, said the US National Association of Realtors Wednesday. US Pending and Existing Home Sales: January 2017 The US Pending Home Sales Index increased 5.5 per cent in February 2017 to…
