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Potential US existing-home sales in April fell 3.0% month-over-month to 5.74 million seasonally adjusted annualized rate; house-buying power fell US$77,000, reduced housing market potential by nearly 380,000 potential home sales: First American

Share of US homes for sale with a price drop rose to 17.8% in four-week period ended May 15, the highest level in two and a half years and up from 9.5% year ago; new listings down 0.6% from year ago, pending sales down 6%: Redfin

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

Total US custom building starts up 28% year-over-year to 46,000 in Q1; custom housing starts totaled 205,000 units over last four quarters, up 13.9% from prior four-quarter period: NAHB

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

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