Housing starts fell most in eight months in February

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U.S. housing starts fall to eight-month low. 3 Min Read. WASHINGTON, June 16 (Reuters) – – U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as.

The Commerce Department said that builders started construction at a seasonally adjusted annual rate of 1.16 million units last month, US housing starts slumped 8.7 percent in February Home

 · Housing starts dropped 3.8 percent to a 1.1 million annualized rate, the weakest in three months, from a 1.14 million pace the prior month, a Commerce.

New-home sales unexpectedly jump to highest level since 2007 Existing home sales grew by 0.7% to an annual rate of 5.61 million units last month, the highest sales level since February 2007. Meanwhile, October sales were revised down to 5.57 million units.

On Tuesday, the Commerce Department said apartment building rose in February but that the number of new permits fell from a month earlier. Housing starts fell nearly 9% last month, marking the largest.

Total housing starts fell 8.7 percent in February. the partial government shutdown. The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace.

U.S. housing starts decline most in eight months in February Katia Dmitrieva , Bloomberg News A worker saws a section of lumber inside a home under construction in Ellenton, Florida, U.S., on Thursday, July 6, 2017.

Housing starts in the United States fell 1.1% to 698,000 units in February, down from 706,000 in January, the government said Tuesday. At the same time, the Commerce Department reported that.

The drop in housing starts was the biggest in eight months and single-family starts were the lowest they’ve been in two years, according to Tendayi Kapfidze, LendingTree’s chief economist.

Toronto housing market begins busy spring season with a bounce New-home sales declined in April as demand fell in West The yield on the benchmark 10-year treasury note fell below. housing market. New home sales in the South, which accounts for the bulk of transactions, declined 7.3% in April. Sales in the Midwest.Real Estate. Photos. How much my house is worth? shared a link. Toronto home sales up 18.9 per cent in May from last year, TREB says. toronto.ctvnews.ca. june 5 at 10:40 AM

Housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million U.S. homebuilding fell more than expected in February as construction of single-family homes dropped to more than a 1-1/2-year low, but the outlook for the housing market is improving amid declining mortgage rates.

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. Residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month, according to government [.]

Single-family starts had surged 19.2% in January. That month saw unseasonably mild. and provide a better indication of where the housing market is headed this spring. Overall permits fell 1.6% in.

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