The number of renter households in America increased 0.8% year-over-year to 45.4 million in Q4, the slowest growth since 2023Q1, Redfin reported.
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US Housing Starts Increase in February, While Permits and Completions Decline
Privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,501,000, 11.2% above the revised January estimate.
Canadian Housing Starts Decline in February
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada decreased 4% in February to 229,030 units, CMHC reported.
US Existing-Home Prices Rise in February at the Slowest Pace Since July 2024
US home prices grew 0.4% in February on a seasonally adjusted basis, the slowest pace since July 2024, Redfin reported.
State-Level Construction Employment Data for January
Overall, the construction industry added a net 2,000 jobs in January, the BLS and NAHB reported. Employment increased in 23 states.
Canadian CPI Increases 2.6% Year-Over-Year in February
The Consumer Price Index rose 1.1% in February. Year-over-year, the CPI increased 2.6%, following a 1.9% increase in January.
US Builder Confidence Declines for Second Consecutive Month in March
The NAHB/Wells Fargo Housing Market Index fell to a reading of 39 in March, down 3 points in February and the lowest level in 7 months.
Nonresidential Construction Materials Costs Increase 0.6% in February
Nonresidential construction input prices increased 0.6% during February, the BLS and ABC reported. Overall construction input prices were 0.3% higher than one year ago.
Investment in Canadian Building Construction Increases 1.8% in January
Investment in Canadian building construction increased 1.8%, or CA$393.7 million, to $22.1 billion in January.
Canadian Existing-Home Sales Drop as Tariff Uncertainties Keep Potential Buyers Sidelined
Existing-home sales activity declined 9.8% in February, the largest month-over-month decline in activity since May 2022, CREA reported.