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US Housing Starts: March 2015
Groundbreaking on new US homes increased 2 per cent to a seasonally adjusted annual pace of 926,000 units in March, the Commerce Department said Thursday. That left the bulk of February’s decline, which had been blamed on bad weather, intact. New single-family homes building rose 4.4 per cent. Groundbreaking for the multi-family homes segment fell…
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US Residential Construction Spending
National Association of Home Builders analysis finds that over the last year, the pace of private single-family construction spending increased 9.7 per cent and multifamily construction spending increased 31.5 per cent For the month of February, the annual rate of single-family construction spending was US$203.9 billion, down 1.4 per cent from January. The February rate…
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US Home Sales, Prices
Builders in the US signed contracts on more homes last month than any time since early 2008, according to figures released by the Census Bureau and HUD. February seasonally adjusted annual new home sales topped out at a 539,000 annual pace, up 7.8 per cent from a healthy 500,000 rate in January. In percentage terms,…
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US Rental Apartment Absorption Rates: 3Q 2014
Absorption completions continued to rise during 3Q 2014. While for-rent apartment absorption rates remained strong at the end of 2014, there was a drop in short-term absorptions for the condominium and co-op market According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of…
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US New and Pending Homes Sales: January 2015
The US Commerce Department said Wednesday that sales of new homes in January dipped 0.2 per cent to 481,000 units. The January 2015 pace of new home sales in the US, released by the Census Department Wednesday, was 5.3 per cent higher than the sales rate recorded in January 2014. Total inventory was 218,000, seasonally…
