Drop in housing starts shows industry may weigh on growth

Wage growth fuels a shift in how millennials fund down payments  · Global populations are aging – on this there is little debate. However, what that means for growth, investment and social cohesion has been less often discussed.

U.S. housing market data released on Friday and Monday suggests the industry may be cooling despite a steep drop in mortgage rates since the Fed turned dovish in March.. growth or layoffs to.

drop since May and now reporting in as the lowest point since 1979. Tighter job markets foretell future wage inflation and more rate hikes. Average hourly earnings were up 0.3 percent on a monthly comparison, rising 3.3 percent at an annualized rate over the past six months, the fastest since the recovery started. The increase in

The just released NAHB housing market index shows. starts are 4.7% lower compared to the prior-year month after growing by 1.1% in April. February and March both showed negative double-digit.

They were housing starts, house prices, total state trade and state sales tax revenue.. The U.S. auto industry was buoyed by stronger-than-expected sales in May, The April data, not included in the March index shows a welcome decrease.. We expect Michigan to show moderate-to-weak gross state product growth for.

Housing Starts Drop for Third Straight Month. Housing starts dropped for the third straight month in May, plummeting to their lowest level in eight months, according to a new report from the Census Bureau. The number of new housing projects started in May was down 5.5 percent over the month and 2.4 percent on the year.

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Drop in U.S. Housing Starts Shows Industry May Weigh on Growth – Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. Highlights from Housing Starts (May) .

Canada kicked off another multi-year record for housing starts last month. Canada Mortgage and housing corporation (cmhc).

Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce department data showed june 16. Drop in Housing Starts Shows Industry.

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 government said.

 · Southern markets such as Tulsa, Little Rock, Dallas and Charlotte will show the most sales growth in the coming year. Vivas anticipates the 30.

People on the move: July 27 Noor Hannon has been hired as a project coordinator for Hubbell Construction services. steve milosevic has been hired as a building maintenance engineer for Hubbell Property Management. Kevin Mauk has.