Overall housing costs (including rents) are rising at 3.4% per year; those costs account for 44.5% of the consumer price index. … READ MORE >
residential construction
Canada’s building permits hit a record in November
Canadian building permits rose by 6.8% in November to an all-time-high of 11.2 billion CAD, the third straight monthly increase demand for residential housing remained strong. … READ MORE >
Americans spent more on building homes than on building anything else for the first time in 14 years
In another sign of the housing market’s continued strength, U.S. spending on residential buildings—both private and public—increased by 0.4% in August to $795.5 billion, while nonresidential spending declined by 0.4% to $788.6 billion, on a seasonally adjusted annual rate. … READ MORE >