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Housing permits, starts both fall in January

WASHINGTON (Reuters) – U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be a temporary setback for the.

April Economic Roundup – FreightWaves – As part of FreightWaves’ overall coverage of freight markets, it publishes a summary of the changes in the economy over the past month, both in terms of the data releases and developments in public policy. The Economic Roundup is designed to synthesize the events of the past month as they relate.

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Housing Market Predictions 2020 | 2019 Housing Outlook. –  · Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Amid two months of dismal housing sales data, and after spiking in January, starts and permits just plunged in February, driven by a collapse in multi-family unit data. The 7.0% plunge in housing starts (-2.7% exp) is tied with the biggest drop since March 2017 and the 5.7% tumble in permits (-4.1% exp) is the biggest since February 2017.

Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed.

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U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be a temporary setback for the housing market. groundbreaking fell 3.8 percent to a seasonally adjusted annual pace of 1.099 million units, the Commerce Department

U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building. multi-family segment dropped 3.7 percent to a 368,000-unit pace. Building permits dipped 0.2 percent to a.

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