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Construction Spending, Canada and US
The value of investment in Canada’s new residential building construction rose 4.3 per cent year over year to $4.7 billion in October, following a 4.8 per cent gain the previous month, said Statistics Canada December 22. The increase at the national level was mainly attributable to higher construction spending on apartment and apartment-condominium buildings, which…
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Construction Spending, Canada and US
The value of investment in Canada’s new residential building construction rose 4.3 per cent year over year to $4.7 billion in October, following a 4.8 per cent gain the previous month, said Statistics Canada December 22. The increase at the national level was mainly attributable to higher construction spending on apartment and apartment-condominium buildings, which…
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US Real Estate Conditions Year-End 2015
“Rents Will Rise Faster Than Home Prices In 2016, Consumers Say,” screams a headline from The Mortgage Reports Wednesday. “According to Fannie Mae’s most recent National Housing Survey, US consumers expect that home prices will climb 2.3 per cent between now and next year; and that rents will rise by nearly double that amount.” Each…
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US Construction, Single Family
Due to the surge in multifamily development and the ongoing modest growth for single-family, there has been a noticeable shift in the market shares of housing units under construction, said the US National Associ- ation of Home Builders Thursday. The Census housing starts data illustrate a trend to more multifamily units in the production pipeline.…
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Residential Price Index, US Houses: October 2015
In addition to Case-Shiller, and CoreLogic, there is also FNC, Zillow, and sev- eral other house price indexes. FNC have released their October 2015 index data, reporting that their Residen- tial Price IndexTM (RPI) indicates that US residential property values decreased 0.1 per cent from September to October (Composite 100 index, not seasonally ad- justed).…
