Canadians managing mortgages despite soaring household debt load Among those Canadians who were buying a home for the first time, 58% had concerns or uncertainty related specifically to unforeseen costs. The study also found that nearly one in five first-time buyers (19%) were involved in a bidding war. Despite these struggles, 71% of homebuyers were comfortable with their current level of debt.
The resulting projections estimate housing starts to continue to grow at a slow rate over the next eight quarters, with the multivariate models predicting total housing starts in 2013 and 2014 of 650,000 and 680,000, respectively.
The just-released NAHB housing market index shows that we should expect further downside from housing indicators. homebuilding stocks have priced in slow housing growth and. since the start of May,
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.
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There were about 107,000 housing starts in October – approximately 2,000 units less than October 2017, which pushed the growth rate for the year down to 5.7 percent. This is a little less than forecasted by National Association for business economics (nabe) and a little more than the 4.5 percent predicted by National Association of Home Builders.
What Housing Starts Can Reveal About the Economy. For example, if housing starts show a decline in new single-family units in favor of multifamily housing starts, it could indicate that a supply shortage is looming for single-family housing. That may lead to price increases for that segment, making those units more of a premium.
· Housing starts dropped 8.7 percent from January to February, according to the latest data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.
Residential construction activity was steady or slightly higher across most of. Seasonal factors temporarily weighed on growth in construction and freight. to the auto industry and said that a 40 percent drop in new orders from. said they might delay construction of a new plant due to start this summer.
The drop in housing starts was the biggest in eight months and single-family starts were the lowest they’ve been in two years, according to Tendayi Kapfidze, LendingTree’s chief economist.
1 Stock to Buy in May Our analysts weigh in.. The oil-field service and equipment maker is the king of its industry and boasts market share leadership to such an extent that its customers often.