-
US Construction Spending, House Prices
Total private residential spending in the US increased 0.3 per cent from the revised November estimate to a seasonally adjusted annual rate of US$349.6 billion, said the National Association of Home Builders Monday. The December month-over-month increase was driven by a 1.2 per cent increase in the single-family component of private residential construction. CoreLogic Tuesday…
-
NMHC: Apartment Market Conditions Slightly Tighter in January Survey
Apartment markets expanded in three of four areas in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions, indicating a slight moderation of the pace of improvement. Only the sales volume index (44) dropped below 50, with market tightness (51), equity financing (55) and debt financing (71) showing continued expansion. From…
-
Construction Employment, US
According to the US Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for November, seasonally adjusted, rose to 145,000. The November level marks the 3rd highest total of unfilled jobs in construction during the post-recession period. Rising Number of Open Jobs in…
-
US Mortgage Foreclosures Lowest Since 2006
The number of US properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said Thursday. In total, 1,117,426 properties were at some stage of foreclosure proceedings in 2014, down 18 per cent from 2013 and off 61 per cent from the peak…
-
US Mortgage Foreclosures Drop
The delinquency rate for US mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 per cent of all loans outstanding at the end of 3Q 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level…
