Source: DWM Magazine
A global construction boom and a growing emphasis on “green” building technologies will create strong opportunities for U.S. exporters of building products, including manufacturers of doors, windows and glass.
Nationwide housing starts dropped 11.1 percent to a seasonally adjusted annual rate of 1.036 million units in May from an upwardly revised April reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance rose 11.8 percent to a rate of 1.275 million, the highest level since August 2007.
Median home prices in some markets are continuing to rise steadily because of slow wage growth, slow economic growth after the recovery, and limited supply, according to a CNN/Money report.
West Realty Advisors took a look at home prices from 2008 to 2015 to identify which cities had high prices that were way past pre-recession levels to come up the top 10 markets with overpriced houses.
Markets in 68 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2015, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a year-over-year net gain of seven markets.
The trend measure of housing starts in Canada was 188,956 units in January compared to 191,627 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
According to CMHC’s first quarter 2015 Housing Market Outlook, Canada Edition, housing starts in 2015 will remain similar to levels observed in 2014 and broadly in line with economic and demographic trends. By 2016, slight moderation is expected.
Markets in 63 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the fourth quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. This represents a year-over-year net gain of 11 markets.
Source: Remodeling By Craig Webb
Spending nationwide on home improvement, which likely topped $300 billion last year, could easily exceed in 2015 the record of $324 billion set during the peak of last decade's housing boom, the Joint Center for Housing Studies (JCHS) of Harvard University suggests in a new report issued today.