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Housing starts cooled in February after robust January

Housing starts fell further 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.. According to the analysis.

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U.S. housing starts jumped 18.6 percent in January, and St. Johns County mirrored the brisk pace this winter.According to an Associated Press report, at the national level, builders ramped up.

OTTAWA, April 7 (Reuters) – The value of Canadian building permits rose far more than expected in February after falling in January, but there were. soon rise appear to have helped cool a.

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.

Josh Nye, senior economist at the Royal Bank of Canada, notes that the canadian housing starts rose to 193k annualized units in March after slowing to 166k in February.

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Builders broke ground on fewer U.S. residential construction projects in January as demand for single-family homes cooled from an almost seven-year high, signaling the rebound in housing remains.

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REITs failed to extend their impressive 7-week rally, ending the month of February flat after surging more than 13% in January. and payrolls and January housing starts/permits data on Friday..

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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.