Housing starts drop 2.8% in October but permits up

Clear Capital: Momentum continues to build for housing recovery council for the capital expenditure project, but it will not approve or endorse the project itself. If a council is requiring special variation funding for the capital expenditure, council must complete the capital expenditure review and submit this to the Division prior to submission of the special variation application.

Housing starts in the South rose 6.4%. New building permits fell during the month, decreasing 1.8% to 1.352 million. Multifamily led the decrease, slipping 7.4%, while single-family building permits increased 0.9%. New building permits were up 7.7% from the April 2017 rate.

Housing starts unexpectedly dropped in October but the number of building permits accelerated. The latest report on housing starts from the Census showed that the pace of housing starts fell 2.8%.

Housing report, which was delayed following government shutdown, also showed a yearly gain of 2.8%. Housing starts fell 11.2 percent in December to a seasonally adjusted annual rate of 1.08 million units, according to a report from the U.S. Department of Housing and Urban Development and the Commerce Department that was delayed due to the.

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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.

WASHINGTON (Reuters) – Housing starts and building permits jumped to a 1-1/2 year high. Stocks on Wall Street climbed sharply on the housing data and a drop in Spain’s borrowing costs, with major.

Permits. surveyed by Bloomberg called for a drop to 1.17 million. Estimates of 78 economists polled ranged from 1.12 million to 1.22 million. The previous month was revised up to 1.19 million from.

Issuance of U.S. housing permits was up 4.8% to an annual rate of 1,080,000 units in October, the eighth month out of ten that permits have been over 1 million.

The 2.8% decline in overall starts in October was due primarily to a 15.4% decline on the multifamily side, which brought that sector’s annual production pace to 313,000 units on a seasonally adjusted annual basis. Meanwhile, single-family starts posted a 4.6% gain to 696,000 units.

Total Housing Starts Increase 2.8% in January. "The small increase may indicate that builders were stocking up on permits to meet an anticipated surge in demand from the second homeowner’s.

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By Scott Volling Housing starts for April came in at 1,287,000, 2.8% below the consensus number of 1,324,000. This is also 3.7% below last month’s result of 1,336,000, which was revised upward by 17,000 units. Permits came in at 1,352,000,