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Housing starts up but permits post lowest growth since mid-2011

U.S. housing starts approach two-year low; permits weak. the lowest level since May 2017. Data for February was revised down to show homebuilding tumbling to a pace of 1.142 million units.

Housing Starts Reach Post-Recession High in May as Permits Soften. Starts increased 5% month-over-month to a 1.35 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. This pace is a post-recession high. The rate of single-family starts was 3.9% higher in May, reaching a 936,000 annual rate.

Housing Starts, Permits Up In March After Dismal Winter WASHINGTON – U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month’s winter weather depressed levels, government data showed on Tuesday.

 · Why are homebuilding stocks losing relative strength with the lowest interest rates in the history of capitalism?. The following chart illustrates the deteriorating trends in housing starts and permits.. Permit delays are also contributing to slower homebuilder supply growth.

Monday Morning Cup of Coffee Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk, with more coverage to come on the bigger issues. loandepot got creamed last week with a pair of negative headlines.

The company’s shares fell more than 27 percent to $1.75, the lowest since it listed on the New York Stock. sooner and inadequate supervision of the traders. U.S. housing starts ticked up just 0.9.

The U.S. Census Bureau reported today that new housing starts dipped 16% to a seasonally adjusted annual rate of 880,000 units in January, the largest percentage drop since February, 2011.. New building permits also fell by 5.4% to a seasonally adjusted annual rate of 937,000, and home completions rose 4.6% to a seasonally adjusted annual rate of 814,000.

Building permits post a very strong month with 8.5% growth. Housing starts growth hits a multi-year low. If it were only up to building permits, we are going to see homebuilding stocks.

Building permits last month fell 4.9 percent to a pace of 1.17 million units, the lowest level since April 2016. The housing data added to weak reports on retail sales, manufacturing production.

Housing starts faded a touch in May, led by a sharp decline in the key single-family segment. Multi-family activity was up double-digits, but not enough to stop the bleeding. Three of the four regions posted declines, with only the South keeping things from looking really ugly. On the other hand, permit requests rose a touch.

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