Housing starts drop 9.8%

Housing starts in June fell 0.9% from May to a seasonally adjusted annual rate of 1,253,000, 6.2% ahead of June, 2018, the Commerce Department reported wednesday. singlefamily housing starts in June.

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Construction of new homes dropped 7.6% in the western United States last month, the least of any region in the country, while the rate fell nationally by a larger-than-expected 9.8%, the Commerce.

That followed a 10.9 percent drop in April and compared to analysts’ forecasts for a rise to 630,000 units. housing starts rose in March and April as new home construction was pushed forward to take.

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Housing starts in June were at a seasonally adjusted annual rate of 1.174 million, 9.8 percent above the revised May estimate of 1.069 million and 26.6 percent higher than 927,000 in June 2014. The figure for single family housing was 687,000, 0.9 percent below the revised May estimate.

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Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. Privately owned housing starts.

Economists polled by MarketWatch had expected housing starts to drop to a seasonally adjusted 1.24 million rate from a revised 1.27 million in the prior month. Permits to build more homes, meanwhile,

Housing starts jump 9.8% in June. paced by a 27.3 percent drop in the Northeast and a 7.1 percent decline in the West, according to the report.

Housing Starts; Under Construction;. Mortgage applications drop 9.8%. jan 3 2019, 4:41AM. decreased 9.8 percent on a seasonally adjusted basis from two weeks earlier and was 46 percent lower.

Housing starts saw their largest drop since March 1984 in January, the Commerce Department said Wednesday. Starts fell 22.5% to an annual rate of 479,000 units, the lowest since April 2009, Commerce.

Housing starts are the number of new residential construction projects. anticipating a certain amount of demand for apartment space in a given city. If there is a drop in demand for such housing,

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After August’s brief respite dead-cat-bounce, Housing starts resumed their collapse in September, slumping 5.3% (despite a downward revision to August’s spike). permits notably disappointed, dropping for the 5th month of the last six.