Sentences with phrase «housing price growth exceeded»
The rule of thumb is that when housing supply is unrestricted then housing prices will remain near construction cost, yet real construction costs increased just over ten percent nationally during the period.6 There can be several reasons why housing price growth exceeded the construction cost growth in some of the expansive cities.
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Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»
Not exact matches
Although house price appreciation exceeds income growth, the gap between the two does not match the differences that prevailed during the housing boom.
«The growth in royalty revenue exceeded our expectations, reflecting the ongoing expansion of the fund's underlying network of Realtors, the surprising strength in housing unit sales, and steady average price appreciation across Canada,» says Philip Soper, president and chief executive.