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US Housing Starts: May 2016
US housing starts slipped in May as the construction of multifamily housing units dropped, but there were further gains in building permits. Groundbreaking fell 0.3 per cent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday. That of single-family homes rose 0.3 per cent to a 764,000-unit pace…
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US Price-to-Rent Ratio: March 2016
On a price-to-rent basis, the Case-Shiller National index is back to August 2003 levels, the Composite 20 index is back to June 2003 levels, and the CoreLogic index is back to October 2003. US Price-to-Rent Ratio The year- over-year increase in the Case-Shiller National House Price Index is mostly moving sideways, now around 5 per…
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US New House Prices, Inventory: March 2016
Fast on the heels of US Census Bureau and the Department of Housing and Urban Development data last week, the Case-Shiller National Home Price In– dex for March was released Tuesday. Meanwhile, the Standard & Poor’s (S&P)/ Case-Shiller 20-city home price index increased 5.4 per cent in March compared with a year earlier, according to…
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US Building Lot Shortage: May 2016
NAHB’s measure of lot shortages hit a new record in May. In answer to special questions on the survey for the NAHB/Wells Fargo Housing Market Index, 64 percent of builders reported that the supply of lots in their markets was low or very low—up from 62 percent last year and the highest the lot shortage…
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US Home Sales, Home Prices, Building Lot Shortage
The US Census Bureau and the Department of Housing and Urban Development released data Tuesday showing the pace of new home sales came in at 619,000 on an annualized basis, increasing 16.6 per cent on a monthly basis and 23.8 per cent year-over-year. US Home Sales: April 2016 New home inventory ticked down to 243,000…
