Housing starts drop 2.8% in October but permits up
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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%.
Housing starts in December were at a seasonally adjusted annual rate of about 1.192 million – a decrease of 8.2% compared with a revised 1.299 million in November and a decrease of 6% compared with 1.268 million in December 2016, according to estimates released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Average home prices increase 2.2% in May: Case-Shiller That improved spring home selling season was no mirage. Home prices across the country did indeed improve in May, for the second month in a row, the S&P/Case-Shiller Home Price Indices reported.
Housing Starts Up 10.5% from 2017. Single-family housing starts in April were at a rate of 894k, which is 0.1% higher than March’s revised figure of 893k. The April rate for units in buildings with five units or more was 374k. Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,352,000.
October Housing Starts and Permits. November 19, 2014 admin.. that just didnt happen in all segments of the market. Housing starts fell, but that was due to a huge drop in the very volatile multi-family segment. That is not. starts are up by nearly 10% compared to the.
Housing starts dipped 2.8% in October compared to September to reach a seasonally adjusted annual rate of 1,009,000 units – but unlike previous months, starts of single-family units were up while starts of multifamily units were significantly down, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Housing Starts Drop in May, Permits Flat. 9.5% below the revised April estimate of 1,340,000 and is 2.8% below the May 2018 rate of 1,248,000.. BUILDER april housing starts pick Up, Permits.
· Canada Mortgage and Housing Corporation’s estimate of 670 urban housing starts in November is a 56.2% increase over October, and up 25.7% compared to November 2017. With 5,867 urban housing starts yeartodate, Manitoba ranks 5th among the provinces for housing starts growth; 2.8% behind 2017.
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.