Housing starts fell most in eight months in February

The Commerce Department said that builders started construction at a seasonally adjusted annual rate of 1.16 million units last month, US housing starts slumped 8.7 percent in February Home

The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts fell 17 percent to 805,000 units following an unusually high reading of 970,000 units in January.

U.S. housing starts fall to eight-month low. 3 Min Read. WASHINGTON, June 16 (Reuters) – – U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as.

US Housing Starts Fall Led by Single-Family Homes 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. It was the largest decline in housing starts since last June.

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month , according to government figures Tuesday.

February saw new-home groundbreakings in the U.S. fall by 8.7 percent, the most in eight months, according to a government report released on Tuesday. Tags: Housing Market, new construction.

Housing Starts Fall in February By Danushka Nanayakkara-Skillington on March 26, 2019 (). Total housing starts posted a 8.7 percent decrease in February (1.162 million units) compared to a upwardly revised January estimate of 1.273 million units according to the joint data release from the Census Bureau and HUD.

Starts for the volatile multi-family housing segment jumped 17.8 per cent to a rate of 357,000 units in February. Permits for the construction of multi-family homes fell 4.2 per cent to a pace of.

The recent earthquakes in California could make it harder to sell certain homes, but shouldn’t weaken the foundation of the.

Home prices in 20 U.S. cities cool with smallest gain since 2012 Home Prices in 20 U.S. Cities Cool With Smallest Gain Since 2012 Bloomberg – Reade Pickert Home prices in 20 U.S. cities rose in February at the slowest pace since 2012, decelerating for an 11th straight month, as sellers continue to make.Refi mortgage application share rises above 50% When it comes to refinancing your mortgage, the process can become quite tedious, thanks to all the paperwork involved. That’s why many homeowners turn to the FHA Streamline Refinance program. As the name implies, this mortgage product seeks to simplify the application process, something many homeowners find very appealing.

The February figure itself was revised downward, but only by 2,000 units, from the. The Midwest was up by 25 percent and the Northeast was up by 8 percent.. However, March 2018 was a very strong month for housing starts and that strength. of buildings with 5 or more units fell 25 percent this month.

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