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US House Prices, Pending Home Sales: April & May 17
The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) Tuesday released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. US House Prices, Pending Home Sales: April & May 17 The Case-Shiller US National Home Price Index, reported by S&P…
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US New and Existing Home Sales, Inventory: May 2017
Contracts for new home sales expanded by 2.9 per cent in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the US Census Bureau Friday. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace…
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US Home Builder Confidence, Home Equity: June & 1Q ‘17
Builder confidence in the market for newly-built single-family homes in the US weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Thursday. Elsewhere, according to the Federal Reserve Board’s 1Q 2017…
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US Housing Starts: May 2017
Total housing starts in the US declined in May after a few, strong early months to begin 2017. Total starts were down 5.5 per cent, falling to a 1.092 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Declines were recorded for both single-family and multifamily…
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US Construction Spending, House Prices: April 2017
Construction spending in the US during April 2017 was estimated at a seasonally adjusted annual rate of US$1,218.5 billion, 1.4 per cent below the revised March estimate of US$1,235.5 billion. Spending on private construction was at a seasonally adjusted annual rate of US$943.3 billion, 0.7 per cent below the revised March estimate of US$949.7 billion.…
