Housing starts fall more than expected, permits steady

"Note that permits were strong for multi-family, so multi-family starts. that more builders view the market as favorable than as poor. “Low interest rates, affordable home prices and solid job.

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CMHC reports annual pace of housing starts in Canada slowed in January – TORONTO – The Canada Mortgage and Housing Corp. said the annual pace of housing starts slowed in January, dropping less than was expected for the. (but) there appears to be more strong building.

New housing starts fell 3.7 per cent to an annualised pace of 1.287m last month, the Census Bureau said on Wednesday. That was steeper than expectations for a. Residential building permits declined.

Housing Starts Fall in March to Weakest Pace Since 2017. U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building.

"The risks are more toward the downside than the upside." Housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million units last month, the Commerce Department said.

Starts for multifamily homes, a category that tends to be volatile and includes apartment buildings and condominiums, increased 4.7% as permits were up 8.9%. Starts rose in two of four regions, led by an 84.6% surge in the Northeast that was the most in almost two years. The South and West both saw declines of more than 5%.

U.S. home building 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.

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Housing starts drop underscores economic woes – Reuters – Instant View: Housing starts fall more than expected in August The housing sector also saw a glimmer of hope in Tuesday’s data, with permits for future construction up 3.2 percent in August.

The bigger-than-expected decrease in housing starts and surprise drop in permits reported by the Commerce Department on Wednesday suggested homebuilding could be plateauing against the backdrop of.

Housing starts fell less than expected in July as builders broke ground on new multifamily units likely to meet demand for rental apartments, while permits for future construction dropped.

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. housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million

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