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    Multifamily Decline In February

    Friday March 16th, 2018 05:50:30 PM
    Robert Dietz

    Total housing starts declined in February, led by a reversion to trend for multifamily development. Starts fell 7% to a 1.24 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. The pace of single-family starts expanded in February, rising 2.9% to an 902,000 seasonally adjusted annual rate. The three-month moving average for single-family… Read More ›

    Builder Confidence Remains on Solid Footing

    Thursday March 15th, 2018 02:02:24 PM
    Robert Dietz

    Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth consecutive month at or above a level of 70 for the HMI, an indication of strong single-family housing… Read More ›

    Broad-Based Price Increases Plague Building Materials in February

    Wednesday March 14th, 2018 07:08:32 PM
    David Logan

    Prices paid for building materials increased across the board in February. The indexes for softwood lumber (+5.6%), gypsum products (+4.2%), OSB (+3.1%), ready-mix concrete (+0.4%), and inputs to residential construction less labor (+1.0%) all increased, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. The percentage increase in softwood lumber prices (not seasonally adjusted)… Read More ›

    Core Inflation Remains Steady

    Wednesday March 14th, 2018 01:11:14 PM
    Danushka Nanayakkara-Skillington

    Consumer prices, measured by the Bureau of Labor Statistics’ (BLS) Consumer Price Index – All Urban Consumer (CPI), rose by 0.2 percent in February after the CPI posted its biggest gain in four years of 0.5 percent in January. Energy price growth slowed over the month to 0.1 percent, from 3.0 percent in January. Meanwhile, core inflation, which excludes the more volatile… Read More ›

    Homeowners’ Equity Expanding

    Monday March 12th, 2018 07:41:01 PM
    Jing Fu

    The Financial Accounts of the United States for the fourth quarter of 2017 were released by the Board of Governors of the Federal Reserve System recently. In the fourth of 2017, the aggregate market value of households’ real estate continues to improve on a nominal and not seasonally adjusted basis. On a nominal and not seasonally adjusted basis, households’ owner-occupied… Read More ›

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