Housing starts drop 9.8%

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U.S. home construction surged in June, driven by demand for the apartments and condominiums that new households tend to favor. Housing starts rose 9.8% from a month earlier to a seasonally.

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December housing starts fall 9.8% to 999,000 rate By Ruth Mantell. published: jan 17, 2014. Construction on new U.S. homes falls in December as housing starts drop after a November surge, but.

Would-be homebuyers hoping for an increase in housing inventory found little to cheer in the latest Commerce Department report on housing starts. The number of new. along with an 11.6 percent drop.

After August’s brief respite dead-cat-bounce, Housing starts resumed their collapse in September, slumping 5.3% (despite a downward revision to August’s spike). Permits notably disappointed, dropping for the 5th month of the last six.

Housing Starts, Permits Drop in May. The May rate for units in buildings with five units or more was 284,000, down 9.8% from April and down 25.7% from a year earlier. Single-family permits fell. Barclays analyst sees housing rebound coming in 2012 The custom benchmark is a combination of the Barclays U.S. Universal Index, which.. Wider spreads.

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That followed a 10.9 percent drop in April and compared to analysts’ forecasts for a rise to 630,000 units. Housing starts rose in March and April as new home construction was pushed forward to take.

US Jobless Claims, Building Permits, Housing Starts Philly Fed Business Outlook 16.02.2017 Housing Starts; Under Construction;. Mortgage Applications Drop 9.8%. jan 3 2019, 4:41AM. decreased 9.8 percent on a seasonally adjusted basis from two weeks earlier and was 46 percent lower.

Last month’s record-breaking surge in housing starts has rapidly reversed and fell 9.8% MoM – the biggest drop since April 2013. Despite a plethora of revisions, single unit housing starts tumbled to 610k – the lowest since July. However, permits were dismal (which is what we should be caring about if we are looking ahead at how the ‘recovery’ will play out).

Why I thought January Housing Starts would fall (luckily I was right with the announcement of a record 16% drop) Same factors in place as last month: Weather, Labor and Material Costs and Land Costs. Record m-o-m drop in NAFB confidence – looking out over the coming months – suggests a larger impact by weather.

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Housing starts plummeted 16% month-over-month to an annualized pace. This compares with an initial print of a 9.8% fall to 999,000. Meanwhile, building permits fell 5.4% to 937,000, missing.