Housing starts cooled in February after robust January

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New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

U.S. Housing Starts Decline Most in Eight Months in February. reports are forecast to show pending home sales cooled in February while transactions for new homes rose.. A robust video.

Nonbank mortgage employment gets a surprise bump For some Americans, this tax season has come with an unwelcome surprise: either a smaller-than-expected refund or, even worse, a jarring bill from Uncle Sam. Most got their tax savings in their.

Housing Starts Increased In February. Home construction is starting to increase at an annualized rate of almost 1.2 million in February. After January’s decline in housing starts, it seems that the housing market is back on track to have a strong year.

Starts Completions With this release, seasonally adjusted estimates of housing units authorized but not started, started, under construction, and completed have been revised back to January 2014. All revised estimates are available on our website. Source: U.S. Census Bureau, HUD, May 16, 2019

improvement in housing activity, dragged upward by strengthening economic and labor market fundamentals, rather than a breakout year for the industry. Housing starts cooled in January after reaching an expansion-best pace in December, and builder confidence softened in February to a four-month low.

Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the commerce department reported thursday. single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.

Feb. housing starts cooled after robust January | Bond Buyer – Feb. housing starts cooled after robust January Consumer credit grows less than expected in Dec. Jobless claims down in week ended Feb. 2, to a level above expectations

Toronto housing continues slowdown with August price drop (Matthew Busch/Bloomberg) Canada’s long housing boom has drawn thousands into the sector, from realtors and home stagers to construction workers, and a looming slowdown. in Toronto and a well-known.

Austin-area builders started construction on 4,294 houses from January. starts figures "continue to show the strength of the market. "Other metros, nationally and regionally, are not having as.

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S&P Hits Five-Year High After Housing Starts Surge in December Housing Starts NomicsNotes from NumberNomics – Housing starts fell 0.9% in May to 1,269 thousand after having jumped jumped 6.8% in April and 4.4% in March. Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which is the series shown above).

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Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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