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North America’s Forest Products Industry, A Look Forward: 2018
The US National Association of Home Builders has released full-year 2017 data for US single- and multi-family home building, and remodelling. The numbers are shaping up to show a very glowing picture indeed, of the next two years likely, for the main customers of US and Canadian solid wood construction framing dimension lumber products. NAHB…
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Single Family Homes Are 1/3 of US Rentals
The 2016 American Community Survey shows that renters occupied 43.8 million residences in 2016, explained the US National Association of Home Builders Tuesday. Of these rental homes, 34.8 per cent are one-unit single-family homes, 17.7 per cent are 2-4 unit structures. Therefore, more than half of all renters, approximately 53 per cent, lived in buildings…
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US Housing Starts: December 2017
Total housing starts in the US declined in December after strong readings for prior months due to weather-related delay effects in autumn. Total starts decreased 8 per cent to a 1.19 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Nonetheless, over the course of 2017…
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US Home Sales, House Prices, Construction Spending: Nov 2017
The latest data out of various US home building and sales agencies show a housing construction market much hotter than was anticipated in most projections for 2017. Construction spending in the US during November 2017 was estimated at a seasonally adjusted annual rate of US$1,257 billion, 0.8 per cent above the revised October estimate…
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US Construction Job Openings: September 2017
The open position rate (job openings as a per cent of total employment) for September softened to 2.8 per cent. On a smoothed twelve-month moving average basis, the open position rate for the construction sector held steady at 2.6 per cent, according to the US Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey…
