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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
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NAHB Analysis: Potential Softwood Lumber Duty Impact
“Even Modest Cap on Canadian Lumber Threatens 8,900 U.S. Jobs” “15% Tariff on Canadian Lumber Would Cost 4,666 U.S. Jobs” Tariff on Canadian Lumber Would Cost US Jobs National Association of Home Builders LINK Recent NAHB estimates show that a 15 per cent tariff on softwood lumber imported from Canada would have resulted in a…
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US Housing Starts, Home Building: April 2016
April new home groundbreaking in the US increased 6.6 per cent to 1.17 million units, the Commerce Department said Tuesday. US housing starts rose 6.6 per cent to an annualized pace of 1.17 million units, as low mortgage rates continue to spur demand for home ownership. Building permits meanwhile climbed 3.6 per cent to a…
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Canada Housing Construction Investment: March 2016
Investment in new Canadian residential construction totalled $3.8 billion in March, up 9.7 per cent from the same month a year earlier, said Statistics Canada Friday. At the national level, higher spending on apartment and apartment-condominium buildings, which rose 19.9 per cent to $1.4 billion, and single-family dwellings, which increased 5.9 per cent to $1.9…
