Housing starts cooled in February after robust January

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 · Housing starts in the US fell 8.7 percent from a month earlier to a seasonally adjusted annual rate of 1,162 thousand units in February 2019, following a downwardly revised 11.7 percent surge in January.

Highlights of Housing Starts for February Residential starts fell 7% to a 1.24 million annualized rate (est. 1.29 million) after 1.33 million pace in prior month.

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Estimates in the Bloomberg survey of economists ranged from gains of 100,000 to 180,000 after a previously reported increase. industry may temper construction hiring. Housing starts fell 16 percent.

China's Latest Attempt to Cool the Property Market 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.

Housing Starts. Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000. This is 12.3 percent (8.3 percent) below the revised May estimate of 1,337,000 and is 4.2 percent (10.2 percent)* below the June 2017 rate of 1,225,000.

. tightening monetary policy causing economic growth to cool.. This robust growth is due in part to a 4 percent increase in. We do not expect our baseline forecast to be affected following the midterm elections.. Housing starts decreased 5.3 percent to 1.2 million in September.. Insight | FEB 6, 2019.

The last time housing starts were stronger was February of 1984, when they came in at a 2.26 million annual pace. The latest report marked the fifth time in the last six months that housing starts.

Housing Starts Increased In February. Home construction is starting to increase at an annualized rate of almost 1.2 million in February. After January’s decline in housing starts, it seems that the housing market is back on track to have a strong year.

Stronger economy boosts mortgage rates: Freddie Mac In its October Forecast, Freddie Mac stated: "We expect mortgage rates to continue to gradually inch higher. We anticipate that the 30-year fixed-rate mortgage will average 4.5 percent in 2018.

Housing Starts Cool Off in January. Regionally, housing permits increased by the highest amount in the Northeast, rising 29.6 percent in January, followed by a 9.9 percent gain in the South, and a 5.3 percent increase in the Midwest. The West was the only major region to see a decline, dropping 13.2 percent in January.

U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed friday, March 16. Residential starts fell 7% to a 1.24 million annualized rate after a 1.33 million pace in the prior month.

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