Housing starts cooled in February after robust January

Highlights of Housing Starts (February) Residential starts fell 7% to a 1.24m annualized rate (est. 1.29m) after 1.33m pace in prior month Single-family home starts rose 2.9%, second straight gain.

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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.

Housing starts fall more than expected, permits steady Builder confidence rose more than expected in the June release of the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), moving to just under the neutral 50 mark. That implies that the next report on starts and permits will deliver stronger numbers.Drop in housing starts shows industry may weigh on growth 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.

Residential starts fell 7% in February to a 1.24 million annualized rate (the estimate had been for 1.29 million starts) after a 1.33 million pace in the prior month. Single-family home starts rose 2.9%, a second straight monthly gain, but multifamily starts fell 26.1% after a similar jump in January, according to government figures released on March 16.

improvement in housing activity, dragged upward by strengthening economic and labor market fundamentals, rather than a breakout year for the industry. Housing starts cooled in January after reaching an expansion-best pace in December, and builder confidence softened in February to a four-month low.

Housing Starts and Permits The Census Bureau and the Department of Housing and Urban Development reported that housing starts pulled back in February after notching the fastest pace since August 2007 in January. New residential construction declined 7.0 percent from an annualized 1,329,000 units in January to 1,236,000 units in February.

Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce.

The median price of a previously owned home sold in February was 7.7 percent higher than it was 12 months ago. In comparison, after-tax household incomes, adjusted for inflation, were up just 2.

Brisbane Housing Market Update |  February 2019 U.S. Housing Starts Cooled in February After Robust January By Tony Seruga 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.

Central Ohio home sales ended 2018 with a whimper, providing the strongest evidence yet that the red-hot housing market may be cooling. columbus-area home. shutdown also could put a damper on.

Housing starts. in February, according to data from Freddie Mac in McLean, Virginia. Increased household formation has given companies, including Los Angeles, California-based KB Home, cause for.

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