Housing starts drop 2.8% in October but permits up

Housing starts up 8.9% in West, 2.8% nationwide; new permits also jump. single- and multi-family housing starts were up 2.8 percent in January from the previous month, and up 21.1 percent from.

Housing starts in February were down 8.7% from January to a seasonally adjusted annual rate of 1,162,000, 9.9% below the February 2018 rate of 1,290,000, the Census Bureau and the Department of.

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 · Two key indicators in the struggling U.S. home construction sector fell to 10-year lows in July and the number of U.S. workers seeking jobless benefits rose, government reports said Thursday.

OTTAWA, Nov 8 (Reuters) – Canadian housing starts slowed in October as the once. of Canadian building permits fell 7 percent in September from August, the biggest drop in eight months, though.

 · But the decrease from March to April was driven by a fall in the multifamily sector. Single-family housing starts increased 0.1% month-over-month to a rate of 894,000, up from 893,000 in March.

Investing.com – The number of building permits issues in the U.S. rose more than expected in October, while housing starts came in below forecasts, official data showed Wednesday. In a report, the.

Permits. surveyed by Bloomberg called for a drop to 1.17 million. Estimates of 78 economists polled ranged from 1.12 million to 1.22 million. The previous month was revised up to 1.19 million from.

Housing inventory, buyer demand are market drivers: JPMorgan “It’s possible that investors are less in the driver. housing market,” Chang said in his report. “It’s a good thing that owner-occupied buyers are driving sales and price increases — it means that.

“The housing construction cycle has peaked, but we’re not expecting a meltdown,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. October housing starts up 1.5% to 1.228 SAAR; permits.

Okay. It is Wednesday November 19 the markets are up and run in any luck in the big number this morning negative two point 8% that is the decline in new home construction for the month.

Housing starts unexpectedly dropped in October but the number of building permits accelerated. The latest report on housing starts from the Census showed that the pace of housing starts fell 2.8% in October to an annualized pace of 1.009 million. Expectations were for the report to show the pace of.

 · WASHINGTON – A sharp decline in multifamily starts pushed overall housing production down 18.7% in November to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

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