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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…
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US Housing Starts: January 2015
Construction starts on new homes in the US fell 2 per cent in January, data released Wednesday by the US Commerce Department shows. Housing starts dropped to a seasonally adjusted, annual rate of 1.065 million, below December’s downwardly revised estimate of 1.087 million. Still, last month’s rate was 18.7 per cent above the 897,000 annual…
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US Housing Affordability Edges Up
Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in 4Q 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index Thursday. In all, 62.8 per cent of new and existing homes sold between the beginning of October and end…
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US Home Prices: 4Q 2014
During the last quarter of 2014, the United States saw solid price growth for homes, with most metro areas seeing a slightly stronger rate of growth. According to Propertywire Wednesday, this growth was due to lower levels of housing supplies combined with low interest rates and an improving jobs market, with these facts being gleaned…
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Home Building, Canada and US
In a shiny fresh new year, home building activity in Canada and the US continues along the waffly path each experienced in 2014. Curiosity about where home building will be through this year abounds. Much of the growth in multi-residential starts came from a jump in construction of rental apartments in Edmonton, which hit a…
