May Weakness in US Housing Construction Hides Improving Conditions

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Here’s why affordability in U.S. housing market is at record lows. 4:27 PM ET Fri, 10 Aug 2018 Diana Olick analyzes a report by the National Association of Home Builders that reveals the trend of decreasing affordability in the U.S. housing market.

Construction of single-family housing was up 0,9% to an annual rate of 685,000, while the rate for units in buildings with 5 units or more was 476,000 — up 116,000 from May. Building permits

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While lower mortgage rates should give some support to housing demand, this may. conditions, in line with the Senior Loan Officer Survey (SLOS), also released today. On the downside, however, the.

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Both sides may have. of these conditions. Also, job creation is improving, causing wage growth to align with home price growth, which helps affordability and will help spur more home sales." "The.

Improving warmth in the home can lead to better health, especially for those with inadequate warmth and with chronic respiratory disease. Do our homes affect our health? Of course! Strong links between poor housing and poor health are well established. So improving housing conditions may improve the health of the people who live there, right?

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That drives up the cost of housing and commercial real estate. Likewise, the booming tourism industry in Hawaii may be creating a wedge. been quite similar to on the mainland. “Improving” labor.

"If we see a material easing in the latter, an easing in the former would not likely be far behind given the improving labor market conditions and pent up demand for housing," writes gluskin sheff.

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Just before the holiday, the U.S. Census Bureau announced that sales of new, single-family homes in October were at a seasonally-adjusted, annual rate of 458,000. That number was just a very.