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Recent Articles

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US townhouse construction expanded 16.0% year-over-year in Q1 to 36,000 starts, up 25% to 152,000 units over last four quarters; on a one-year moving average, market share of new townhouses increased to 13.4% of all single-family starts: NAHB

US builder confidence for new multifamily housing market down six points in Q1 to 48, dipping below 50 for the first time in three quarters; builders cautious due to high construction costs and their impact on affordability: NAHB

Commentary: Developers can't build enough new, luxury apartments to fill existing demand, contributing to double-digit rent hikes in many US markets; demand likely to keep growing for all kinds of housing as long as US continues to quickly create new jobs

US single-family starts decreased 7.3% to a 1.1 million seasonally adjusted annual rate in April; multifamily production increased 15.3% to a 624,000 pace: NAHB

Canada's investment in building construction up 1.8% to C$20.3B in March as residential and non-residential sectors rose 1.7% and 2.0%, respectively; investment in single-family homes up 4.3%, multifamily down 1.4%: Statistics Canada

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