Housing starts drop 9.8%

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Housing starts declined 9.8% in December to 999,000 units at an annual rate, coming in above the consensus expected 985,000 pace. Starts are up 1.6% versus a year ago. The drop in starts in December was due to declines in both single-family and multi-family units, which were down 7.0% and 14.9% respectively.

Housing starts fell 9.8% for December to a seasonally adjusted annual rate of 999,000, according to a Commerce Department report (link opens a pdf) released today. After jumping a revised 23.1%.

Privately-owned housing starts decreased 0.9 percent in June to a seasonally adjusted annual rate (SAAR) of 1.253 million units.

The report said housing starts soared by 12.3 percent to an annual. had been expected to drop by 2.7 percent to a rate of 1.300 million from the 1.336 million originally reported for the.

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The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that new housing starts in August dipped to a seasonally adjusted annual rate of 1.142 million, a.

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.

I’ve been sounding the alarm about a housing slowdown for a couple of months now. Now, new data on housing, the industry that was a major driver of the last recession, continues to suggest a bearish trend, with new home construction starts dropping a significant 5.3% in the month of September.

Dive Brief: June housing starts increased 9.8% from May to a 1.17 million annualized rate – the second-highest level since November 2007, the Commerce Department reported Friday. Building.

Housing starts fell 9.8 percent to an annualized 195,613 units. So far, the government has succeeded in slowing the rush, with both cities undergoing a drop in sales amid rising interest rates. “In.

Friday, the department reported that housing starts rose 9.8% in June to a seasonally adjusted annual rate of 1.17 million units, up from May’s revised rate of 1.07million, which was originally reported at 1.036 million units. housing starts also saw another big jump year-over-year, increasing 26.6% compared to June 2014.

The bigger-than-expected decrease in housing starts and surprise drop in permits reported by the Commerce Department on Wednesday.

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