Housing starts up but permits post lowest growth since mid-2011

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 · Housing starts fell 4.3 percent to a 529,000 annual rate, the lowest level since October 2009, Commerce Department figures showed today in Washington. The median forecast in a Bloomberg.

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Initial construction of U.S. homes fell to a fresh 17-year low in September, Home construction and building permits both fall sharply in. rate in August, and the lowest level for permits since November 1981.. to construct new homes well after the housing bubble burst led to an. 2011 Fortune 500.

 · Overall permits, which are a harbinger of future housing production, edged up 0.6 percent to a 1.3 million unit annualized rate in April. single-family permits fell 4.2 percent to 782,00, the lowest level since October 2016.

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For the 2nd month in a row, Building Permits dropped and missed expectations. The 1.9% MoM drop in December was a notable miss against expectations of a 0.6% rise and left YoY Permits at a mere +1.0% – hovering at the weakest growth since mid 2011. The long-heralded savior of permits – multi-family – tumbled to their lowest since June; with overall permits lower in all regions aside from the.

Why did residential sales decline for fourth month straight?  · The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from 103.8 in August according to the National Association of Realtors. The reading is the eighth straight month of gains, and tbe highest level since December 2006, when it hit 112.8.

Building permits fell 1.7 percent to a rate of 1.269 million units in March, the lowest in five months. Building permits have now declined for three straight months.

Building permits fell 1.7 percent to a rate of 1.269 million units in March, the lowest in five months. Building permits have now declined for three straight month. Permits for single-family housing dropped to a more than 1-1/2-year low in March, a bad omen for starts in the coming months.

After strong GDP growth in the second quarter of the year, GDP growth is. a rate of 3.0 percent for 2018, slowing to 2.4 percent in 2019 and dropping to. in the beginning of October, a level that we have not seen since mid-2011.. Housing starts jumped 9.2 percent to 1.28 million in August, though much.

 · Economists: July construction numbers disappoint. But why are housing starts so low, despite the increasing demand?. July permits were up 4.1% over last year to 1,223,000 and the June permit.

U.S. housing starts hit nine-month low; permits fall. Residential investment contracted in the first quarter. June’s sharp drop in homebuilding could impact on economists’ forecasts for second-quarter growth, which are as high as a 5.3 percent annualized rate. The economy grew at a 2.0 percent pace in the first quarter.

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