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Housing starts drop 2.8% in October but permits up

Housing Starts Drop Sharply in October October housing starts fell 2.8% to an annual rate of 1.009 million units due to a decline in apartment construction. WSJ’s Polya Lesova and Simon Constable.

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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% in October to an annualized pace of 1.009 million. Expectations were for the report to show the pace of.

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 in the South rose 6.4%. New building permits fell during the month, decreasing 1.8% to 1.352 million. multifamily led the decrease, slipping 7.4%, while single-family building permits increased 0.9%. New building permits were up 7.7% from the April 2017 rate.

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%.

October Starts Up, Permits Down. 2.8% above September. The October rate for units in buildings with five units or more was 247,000.. BUILDER Housing Starts Drop in May, Permits Flat;

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Issuance of U.S. housing permits was up 4.8% to an annual rate of 1,080,000 units in October, the eighth month out of ten that permits have been over 1 million.

Single-family housing production in October reached its highest level since November 2013 while the more volatile multifamily sector brought combined nationwide starts activity down 2.8% to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the HUD and the U.S. Census Bureau.

LPS: 7.12% of U.S. loans are delinquent The number of loans moving from seriously delinquent into foreclosure rose in. Other key results from LPS’ latest Mortgage Monitor report include: Total U.S. loan delinquency rate: 9.12 percent.

Single-family housing starts in June were at a rate of 858,000; this is 9.1 percent (8.8 percent) below the revised May figure of 944,000. The June rate for units in buildings with five units or more was 304,000. Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,261,000.

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