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Housing starts fall more than expected, permits steady

So stock prices rebounded, while expected interest rates remained low.. Despite the steady drip of poor economic data, and weak company results, US.. US housing starts continued to weaken in Feb, falling more than. The number of building permits issued fell 1.6%, the second monthly drop in a row,

"The risks are more toward the downside than the upside." Housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million units last month, the Commerce Department said. – The number of housing starts fell more than expected in December, while building permits beat consensus, giving a mixed read over the health of the U.S. housing sector, official.

 · WASHINGTON, June 17 (Reuters) – U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.

Consumers expecting lower mortgage rates less optimistic about buying Remember that bank financials have a strong arbitrage relationship with interest rates. When rates rise, it often encourages consumers and businesses. on their bottom lines. mortgage rates tumbled.

 · US existing home sales fall more than expected Washington – Builders started work on more US homes than forecast in January after an upward revision to starts in the prior month; a sign construction was on a steady path entering 2017.

Housing starts fell 6.5% month-over-month in May, to an annualized pace of 1.001 million units. This was worse than expectations for a 3.9% MoM fall to an annualized pace of 1.03 million units.

Builder Confidence Remains Strong as New Year Starts – Builder confidence in the market for newly-built single-family homes dropped two points to a level of 72 in January on the National Association of Home Builders/Wells fargo housing market index (HMI).

Housing starts in the US fell more than expected in May, dropping to an annual rate of 1.001 million units, according the Census Bureau. That’s down from the revised 1.071 million in April. The crowd was looking for something better, with the consensus forecast calling for a.

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Housing Starts Unexpectedly Fall in July While Building Permits Increase U.S. home building fell more than expected in February as construction. to the sharp drop in home building last month. Housing starts data for January and December were revised higher. Building.

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The decline in starts suggests that November’s jump in home construction was more of a temporary spike than an increase in the underlying pace of growth. It could also reflect weather effects. At the same time, annual totals for permits, starts and completions were all the highest since 2007.

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