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CIBC: US housing starts below expectations in April, flat month-over-month and up 15% year-over-year, but permits beat forecast, down 3% month-over-month but up 3% year-over-year; higher mortgage rates expected to cool demand, slow starts in coming months
Published: May 20, 2022 by CIBC World Markets Inc.
Privately‐owned US housing starts in April at seasonally adjusted annual rate of 1,724,000, down 0.2% from revised March level, up 14.6% annually; building permits up 3.1% annually to 1,819,000, completions down 8.6% to 1,295,000: Dept. of Commerce
Published: May 18, 2022 by U.S. Dept. of Commerce (DOC)
US single-family permits issued year-to-date in March reached 278,189, up 0.8% over March 2021 level of 276,110; multifamily permits issued year-to-date totaled 153,720, up 17.1% over March 2021 level of 131,227: NAHB
Published: May 16, 2022 by National Association of Home Builders (NAHB)
Value of Canada's building permits down 9.3% to C$11.7B in March, mainly due to a decline of 29.5% in the non-residential sector; residential building permits rose 4.7% to C$7.9B with single-family permits up 3.3%, multifamily up 6.0%: Statistics Canada
Published: May 09, 2022 by Statistics Canada
RBC Capital: March US housing data viewed as positive, as housing starts and permits rise above expectations, rising 3.9% and 6.7% year-over-year, respectively; South represents 47% of total starts versus 24% in the West, 13% in Midwest, 16% in Northeast
Published: April 22, 2022 by RBC Capital Markets LLC

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