Housing starts drop 2.8% in October but permits up

Building permits. The biggest drop in unemployment was in Michigan, where the jobless rate fell 0.8 percentage point to 9.8 percent. The median estimate of 79 economists surveyed by Bloomberg.

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Single-family building permits, however, fell for the fifth straight month, suggesting a moderation in groundbreaking activity was likely. Economists polled by Reuters had forecast housing starts.

Permits now stand at the highest level since June 2008, signaling future gains in home building in the months to come. October’s drop of 2.8% for home building was all due to multi-family units, which were down 15.4% in October and have caused large swings in overall housing starts over the past few months.

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U.S. housing starts fall 2.8% in October. The permits rate rose 1.4% for single-family homes, and 8% for apartments. Economists caution over reading too much into a single monthly home-construction report. A confidence interval of plus or minus 10% for October’s overall starts drop of 2.8% shows that the government isn’t sure whether the pace of construction rose or fell last month.

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Housing starts jump 10.1% in July but permits crater | 2015. – Housing starts jump 10.1% in July but permits crater. we expect to see an ongoing pick-up in starts as we move into the fall. Single-family housing starts in July were at a rate of 782,000.

United States Housing Starts | 2019 | Data | Chart | Calendar. – Housing starts in the US rose 5.7 percent from a month earlier to a seasonally adjusted annual rate of 1,235 thousand units in April 2019, more than an expected 1,205 thousand and following a revised 1.7 percent advance in March. Construction of both single- and multi-family housing units increased.

Building Permits, Bellwether of Future Construction, Increased 4.8%. housing starts fell 2.8% in October from a month earlier to a seasonally adjusted annual rate of 1.009 million units, the Commerce Department said Wednesday. But the decline was driven by a slide in multifamily properties. New.

Housing starts in the U.S. rebounded in the month of October, according to a report released by the Commerce Department on Tuesday, although the report also showed a decrease in building permits. The Commerce Department said housing starts jumped by 1.5 percent to an annual rate of 1.228 million in October after plunging by 5.5 percent to a.

Freddie Mac: Mortgage rates remain steady Mortgage Rates Remain Stable – MarketWatch – MCLEAN, Apr 04, 2019 (GLOBE NEWSWIRE via COMTEX) — Freddie Mac (otcqb:FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that mortgage rates held steady after.

Housing starts rose 3.6 percent in October to a seasonally adjusted annual rate of 894,000–the highest level since July 2008–but permits for new res

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