Drop in housing starts shows industry may weigh on growth

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Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the government said.

HDS Carbon from Lowrance - Are you ready? Economists Forecast 2.2% June Housing starts drop. starts Plunge 12.3%. A little more than half of the nation’s June drop was in the Midwest, where starts tumbled 35.8% after a 51.9% jump the prior month. The June data is considered a return to the region’s soft trend. Year-to-date, housing starts in the Midwest are running 2.9% below their pace in the first half of 2017, and single-family starts are 5.7% lower.

Sales of existing homes unexpectedly fell in January Low-cost airline wow air abruptly shut down in March after being unable to secure additional funding.. title: Roadstar.ai: The Rise and Fall of a Self-Driving Startup. In an announcement published on WeChat in late January, Tong and. “A number of our partners were collecting and housing massive.

Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. May starts were pushed lower by declining construction in South, which reached the weakest level since October 2015, and in the Midwest.

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Existing-home sales dropped in June for a third straight month.. more or less sideways, or increase no more quickly than growth in incomes, over the next few years.. under the weight of prices, are now seeing substantial increases in supply, Still, market watchers note that the housing sector has strong.

The coming week may tell whether the incessant plunge in global bond yields shows any signs of relenting. bad things are – the UK will also release retail sales and housing data. While growth is.

The U.S. economy is expanding at a 2.0% annualized rate in the second quarter based on data that showed a 0.9% drop in domestic housing starts in May, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

The PHLX Housing Index fell 15.7 percent, even more than the S&P 500’s 14 percent decline. The seasonal trend in homebuilding shares has been resilient even in the face of dismal data that showed U.S. housing starts dropped to their lowest level in two years.

Mortgage results improve at Wells Fargo, JPMorgan Chase JPMorgan reports 12% rise in first quarter profits – BBC News –  · JPMorgan Chase has reported a 12% rise in profit to $5.91bn (£4bn) for the three months to the end of March, as revenue from bond trading improved. The.

Consensus forecasts compiled by most news organizations called for starts to be around unchanged, holding around 1.22 million units. The report noted that construction of new homes is down 5.6% compared to levels seen in July 2916.

 · Orange County will likely catch up in 2020, just in time for the housing market to hit a major obstacle as economic factors set up for the next recession, expected by forecasters to arrive in 2020. These factors include the mitigating effect on home sales and the jobs market of increased mortgage interest rates, which began in 2018.