There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September. … READ MORE >
Real estate
Canadian housing starts fall slightly in a sign of possible cooling
Housing starts in Canada fell to 273,800 in May, a 3% drop from April. … READ MORE >
Direct investment favored by family office real estate investors
Direct investment in real estate remains a predominant trend among family offices. This was a theme we heard recently at a real estate conference in Dana Point, California. … READ MORE >
Senior housing, investors’ ‘golden-aged’ goose, gives way to multigenerational living
For the better part of the past decade, investors have flocked to senior living, long viewed as the golden goose for sure-bet growth as the baby boomer generation aged. More recently, however, due in large part to pandemic-related challenges including health safety considerations and staffing shortages, the gold has lost its luster. Other options for senior living, including multigenerational housing, are gaining in popularity; along with them come market opportunities for savvy industry participants. … READ MORE >
New home sales rise unexpectedly despite higher mortgage rates
The increase was driven by more supply coming online, pushing prices down for the first time since February. … READ MORE >
As rates rise, Canada’s construction industry enters a new phase
One of the industries hit hardest by rising interest rates has been construction, and this slowdown now threatens to make Canada’s housing shortage more acute. But there are opportunities for savvy developers. … READ MORE >
The American housing deficit and what it takes to close it
At the end of last year, the U.S. was about 3.5 million homes short of the number required to maintain a stable market. … READ MORE >
Chart of the day: U.S. housing starts and permits plunge
Housing starts fell by 14.4% to 1.549 million on an annualized basis in May, the lowest point in more than a year. … READ MORE >
How lumber tells the story of home building during the pandemic
Large home builders operate with scale advantages, which have allowed them to endure wild swings in costs of inputs like lumber. It’s a different story for small and midsize builders. … READ MORE >
Chart of the day: Pending home sales fell in April
Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high. … READ MORE >