Housing starts cooled in February after robust January

TORONTO – The pace of housing starts slowed slightly in January but remained robust during an unseasonably warm winter, according to data from Canada Mortgage and Housing Corp. Strong homebuilding activity will likely to be a boon to the Canadian.

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The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

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Gold Price Prediction for February 19, 2018.. The U.S. housing starts report beat estimates. where we possibly had some "catch up" before month-end after a cold start to January and a.

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The Bloomberg survey median called for a 0.9 percent gain. Unadjusted, values were little changed after rising 0.1 percent in November. The housing industry has gotten off to a slower start this year..

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U.S. February Housing Starts Drop 22.5%, PPI Climbs 1.6% Housing starts in January were at a seasonally adjusted annual rate of 1.326 million, up 9.7% compared with 1.209 million in December and up from 1.236 million in January 2017, according to estimates released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. Most of the increase was attributable to starts of multifamily (five units or more per building) homes.

 · Housing Seasonality. Since 1999, non-seasonally adjusted existing home sales have increased by an average of 33% between February and March. Throughout the second quarter of the year, existing home sales continue to increase with an average month-over-month growth rate of 10% each month until June.

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.