12 Jul '18, 3pm

#realestate #investing"

#realestate #investing"

US HOMEBUILDING surged to a near 11-year high in May amid an acceleration in both single-family and multi-family home construction, but a second straight monthly drop in permits suggested housing market activity would remain moderate. Higher lumber prices as well as labour and land shortages have left builders unable to meet strong housing demand, which has depleted the number of properties available for sale. Housing demand is being fuelled by the lowest unemployment rate in 18 years. sentifi.com Market voices on: "There is some early evidence that lumber prices may now have peaked, but the shortage of labour will not be solved so quickly, and that means housing market conditions will remain tight for the remainder of the year," said Matthew Pointon, property economist at Capital Economics in New York. SEE ALSO: US fiscal, trade policies make it harder for Fed to time mov...

Full article: https://www.businesstimes.com.sg/real-estate/us-housing-s...

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