Browsed by
Tag: us real estate

Building Materials Price Index: February 2017

Building Materials Price Index: February 2017

The prices of softwood lumber, gypsum, ready-mix concrete, and OSB all increased in February, according to the latest Producer Price Index release by the Bureau of Labor Statistics, out Tuesday. The increases were led by gypsum products, with softwood lumber a close second. After decreasing in four of five months, the price of softwood lumber rose in February. Gypsum prices posted a 5.3 per cent increase, the largest increase since January 2015. US Building Materials Prices After decreasing in four…

Read More Read More

“Americans react to softwood lumber dispute”

“Americans react to softwood lumber dispute”

The U.S. National Association of Home Builders says duties or volume caps on imported lumber will raise the price of lumber, adding more than $1,300 to the cost of a new single family home, according to Metroland Media Monday. “ “We feel strongly that Canada should have had a more aggressive stance early on in the negotiations rather than putting forth a proposal to go forward with the status quo.” – Suzanne Beall, National Association of Home Builders legislative director…

Read More Read More

US Apartment Stocks, Rental Rates: Sept & 3Q 2016

US Apartment Stocks, Rental Rates: Sept & 3Q 2016

The US National Multifamily Housing Council released its Apartment Markets Retreat in the October NMHC Quarterly Survey, said Calculated Risk Thursday. The Market Tightness Index fell to 28, the lowest since July 2009 and the fourth quarter in a row showing declining conditions. Meanwhile, the stabilization of the vacancy rate, which has been falling for the past six years, shows that supply has increased to the point at which rent growth can slow. according to Dave Liang at UBS, said…

Read More Read More

Housing Market, US: Mid-2016 Update

Housing Market, US: Mid-2016 Update

The US housing market is on a roll and is showing no signs of slowing down — that’s the key takeaway from Goldman Sachs’ most recent Housing Monitor research report, released Thursday. US Housing Market: Mid-2016 Update According to the Goldman Sachs research, US house prices have continued to grow close to a 5 per cent rate throughout 2016. This view runs against the Case-Shiller and FHFA house price indices, which appear to show that the housing market slowed during…

Read More Read More

US Rental Rate Increases

US Rental Rate Increases

USA Today reported Tuesday that apartment lease renewals hit an all-time high of nearly 54 per cent in 2016. This is up from 52.9 per cent last year and a more-conventional 45 per cent in the mid 2000s.   US Rental Rates Millennials are faced with student debt and expensive home buying options, which drives them into metro areas where developers have started putting up luxury apartment buildings, according to USA Today Tuesday. Elsewhere, Real estate research firm CoStar released…

Read More Read More

US House Prices, Construction Spending

US House Prices, Construction Spending

The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices Wednesday, continued its upward trend in June. The index rose at a 2.5 per cent seasonally adjusted annual pace, faster than the 1.6 per cent in May. Elsewhere, NAHB analysis of Census Construction Spending data Thursday shows that total private residential construction spending for July registered a seasonally adjusted rate of US$445.5 billion, slightly up from the June downwardly revised estimate. US House Prices: June 2016 The…

Read More Read More

US Negative Equity Rate, Home Property Values

US Negative Equity Rate, Home Property Values

According to the Zillow Negative 2Q Equity Report, released Thursday, the overall US negative equity rate as of the end of 2Q 2016 – the share of homeowners that were underwater, owing more to their lenders than their home was worth – was 12.1 per cent. That’s down from 12.7 per cent in 1Q and 14.4 per cent at the same time a year ago . Elsewhere, FNC released their June 2016 index data Monday, reporting that their Residential Price…

Read More Read More

US Household Debt: 2Q 2016

US Household Debt: 2Q 2016

The Federal Reserve Bank of New York’s Center for Microeconomic Data Tuesday issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by US$35 billion (a 0.3 per cent increase) to US$12.29 trillion during 2Q 2016. This moderate growth was driven by increases in auto loan and credit card debt, which increased by US$32 billion and US$17 billion respectively. Mortgage debt declined by US$7 billion in 2Q, after a US$120 billion increase in 1Q, and…

Read More Read More

US Housing Affordability: 2Q 2016

US Housing Affordability: 2Q 2016

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates edged lower from 4.05 per cent to 3.88 per cent in the same period. According to historical data, housing affordability usually takes a notch down…

Read More Read More

US Real Estate Market, Housing Affordability

US Real Estate Market, Housing Affordability

Homeownership rates in the US have collapsed to 63.1 per cent, down from 2004 highs of about 69 per cent, according to the US Census Bureau Wednesday. As homeownership rates come full circle from the early 1990s levels, the Median Asking Price for Vacant Units has steadily risen. Meanwhile, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Index Thursday, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push…

Read More Read More