Housing starts drop 9.8%

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.

December housing starts down 9.8% 8:30 AM ET Fri, 17 Jan 2014 CNBC’s Rick Santelli breaks down the latest data on housing. Watch cnbc live tv.

Housing pulse check Consider the reports on U.S. consumer prices and housing starts for October, released on Nov. 19. to ease the Fed’s longer-term inflation concerns as well. The U.S. housing starts drop of 4.5% to a.

US housing starts lift 9.8 in June. US housing starts lift 9.8% in June.. compared with an initially reported 11.1 per cent drop. Starts in April rose 24.7 per cent, an upward revision from a.

Fed report finds no wrongful foreclosures by banks, consumer advocates slam methodology An investigation into abusive mortgage practices concludes that there were no wrongful foreclosures issued by banks. However, a discrepancy with the report’s definition of “wrongful foreclosures”.

Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the Commerce Department said on.

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TORONTO, June 10 (Reuters) – Canadian housing starts fell in May compared with the previous month as groundbreaking tumbled by 18.5% on multiple unit urban homes, data from the national housing agency.

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Housing starts fell 6.3% in September to a seasonally adjusted rate of 817,00, another 17-year low, against downwardly revised August estimates, which were dropped from 895,000 to 872,000, the.

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WASHINGTON — New-home construction climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 percent to a 1.17.

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 12.3% in June, indicating tariffs and taxes are. This is down 3% from 1.31 million in June 2017. Once again, the monthly drop was led by the multifamily sector, as single-family.

The numbers: Construction on new homes, known as housing starts, fell almost 9% in February and remained well below year-ago levels, offering more evidence of a broad slowdown in the housing market.

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.