When the economy loses steam – One shining sector in the U.S. economy is housing starts which rose sharply by 18.6 percent in January. pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage.
The following information is found on the NAR website. Housing Starts Cool Off in January Daily Real Estate News | Friday, February 17, 2017 Overall housing production declined in January after an unusually robust reading in the multifamily sector in December, but economists were unfazed.
Housing starts fell most in eight months in February. Separate reports Tuesday showed mixed results for housing in January. The S&P CoreLogic Case-Shiller index rose 3.6% from a year earlier, the least since 2012, while the Federal Housing Finance Agency measure rose 0.6% for the best monthly.
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While monthly housing starts reports can be volatile, February marks the second consecutive month that construction starts fell sharply, which could be a sign of a broader slowdown in South Florida.
Housing starts decreased by 7% in February and were down 4% as compared to the same period a year ago. The US Census Bureau and Department of Housing and Urban Development have reported housing starts in February at 1.2 million, a sharp decline from the revised January reading of 1.3 million.
U.S. Housing Starts Decline Most in Eight Months in February New data suggests developers continue to struggle to build affordable properties amid rising costs for materials and labor.
China's Jan-Feb property investment accelerates despite cooling sales. Robust investment attributed to steady housing prices and an increase. Thursday, marking the strongest growth for the period since 2014, when it rose 19.3 per cent.. New construction starts measured by floor area were also much.
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.
Housing starts take a breather in February. Just as markets were celebrating the stellar 9.7% increase in housing starts in January, the February data proved to be a damper for that enthusiasm.
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U.S. 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.
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