Sentences with phrase «housing construction declined»
New housing construction declined 4.1 % in the second quarter, indicating the strength in real - estate is reflected in prices for existing homes and commissions.
http://www.canadianbusiness.com/ Not exact matches
Dunning recently cautioned that Ottawa's attempts to cool Toronto and Vancouver's overheated housing markets, by making it tougher for first - time buyers to qualify for financing, is likely to result in a 25 to 30 per cent decline in housing starts by 2015 and 150,000 fewer construction jobs across the country.
The recent fall in new dwelling construction reflects a decline in the construction of new houses, while activity in the medium - density sector increased strongly over the first half of the year.
Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.
«[This] new construction data showed somewhat weak growth in overall housing starts and a slight decline from July,» says Danielle Hale, chief economist for realtor.com ®.
«While the recession started roughly 10 years ago, a return to this level of single - family construction is no cause for alarm for two major reasons: the market has completely different underlying economics now, and housing starts in October 2007 had already declined by half from their peak levels in early 2006.»
The seniors housing market continued its recovery in the third quarter of 2011, even while overall construction activity continued to decline, according to NIC MAP, a data analysis service of the National Investment Center for the Seniors Houhousing market continued its recovery in the third quarter of 2011, even while overall construction activity continued to decline, according to NIC MAP, a data analysis service of the National Investment Center for the Seniors HousingHousing...
As a result, new home construction is expected to modestly decline, as is housing market value appreciation and sales volume.
WASHINGTON, Jan 18 (Reuters)- U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single - family housing units following two months of hefty gains.