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August U.S. Builder Confidence Decreases

U.S. builder confidence for new single-family homes in August dropped 5 points from July to 75, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions decreased 5 points to 81 and the measurement of sales expectations in the next six months remained at 81

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U.S. Housing Starts Down in July

U.S. housing starts in July were at a seasonally adjusted annual rate of 1.53 million, decreasing 7.0% below the revised June estimate but 2.5% higher than the comparable month in 2020. Single-family housing starts fell 4.5% from June to 1.11 million. U.S. building permits in July were at a seasonally adjusted annual rate of 1.64

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U.S. Single Family Home Size Rising

After a four-year period of steady declines, the second quarter U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median single family home square footage increased 1.5% from the same period in 2020 to 2,297 feet.  The average square footage rose 1.7% from Q2 2020 to 2,560. The rise is

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Home Improvement Retailers Post Booming Q2 Results

The world’s two largest home improvement retailers published second quarter financial results. The Home Depot, Atlanta, GA, reported second quarter (ending August 1) net sales of $41.1 billion, up 8.1% over the comparable period in 2020.  Net quarterly earnings rose 11% from the second quarter in 2020 to $4.8 billion. See The Home Depot The

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Canadian Housing Starts Lower in July

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in July was 272,176 units, down 3.2% from June. The SAAR of urban starts fell 0.65% to 249,001 in July. Multiple urban starts declined 3.1% to 184,759 but single-family levels rose 7.1% from June to 64,242. The Canada Mortgage and Housing Corporation (CMHC)

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Canadian Manufacturing Down in June

Seasonally adjusted Canadian wood product sales in June were $5.15 billion (CAD), down 5.7% from May but up 103.9% from the comparable month in 2020. Sales of furniture and related products totaled $1.06 billion, falling 0.2% from May but rising 11.9% from June 2020. Canadian manufacturing sales for all industries were up 2.1% from May

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August U.S. Builder Confidence Decreases

U.S. builder confidence for new single-family homes in August dropped 5 points from July to 75, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI component gauging current sales conditions decreased 5 points to 81 and the measurement of sales expectations in the next six months remained at 81

Read More »

U.S. Housing Starts Down in July

U.S. housing starts in July were at a seasonally adjusted annual rate of 1.53 million, decreasing 7.0% below the revised June estimate but 2.5% higher than the comparable month in 2020. Single-family housing starts fell 4.5% from June to 1.11 million. U.S. building permits in July were at a seasonally adjusted annual rate of 1.64

Read More »

U.S. Single Family Home Size Rising

After a four-year period of steady declines, the second quarter U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median single family home square footage increased 1.5% from the same period in 2020 to 2,297 feet.  The average square footage rose 1.7% from Q2 2020 to 2,560. The rise is

Read More »

Home Improvement Retailers Post Booming Q2 Results

The world’s two largest home improvement retailers published second quarter financial results. The Home Depot, Atlanta, GA, reported second quarter (ending August 1) net sales of $41.1 billion, up 8.1% over the comparable period in 2020.  Net quarterly earnings rose 11% from the second quarter in 2020 to $4.8 billion. See The Home Depot The

Read More »

Canadian Housing Starts Lower in July

The monthly standalone seasonally adjusted annual rate (SAAR) of Canadian housing starts in July was 272,176 units, down 3.2% from June. The SAAR of urban starts fell 0.65% to 249,001 in July. Multiple urban starts declined 3.1% to 184,759 but single-family levels rose 7.1% from June to 64,242. The Canada Mortgage and Housing Corporation (CMHC)

Read More »

Canadian Manufacturing Down in June

Seasonally adjusted Canadian wood product sales in June were $5.15 billion (CAD), down 5.7% from May but up 103.9% from the comparable month in 2020. Sales of furniture and related products totaled $1.06 billion, falling 0.2% from May but rising 11.9% from June 2020. Canadian manufacturing sales for all industries were up 2.1% from May

Read More »
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