Drop in housing starts shows industry may weigh on growth

Housing Starts Drop for Third Straight Month. housing starts dropped for the third straight month in May, plummeting to their lowest level in eight months, according to a new report from the Census Bureau. The number of new housing projects started in May was down 5.5 percent over the month and 2.4 percent on the year.

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Housing starts dropped 0.9% to a seasonally adjusted annual rate of 1.269 million units last month amid a drop in the construction of single-family housing units, the government said.

Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce department data showed june 16. Drop in Housing Starts Shows Industry.

The resulting projections estimate housing starts to continue to grow at a slow rate over the next eight quarters, with the multivariate models predicting total housing starts in 2013 and 2014 of 650,000 and 680,000, respectively.

The percent drop was the biggest since November 2016 and both single and multi-family home construction declined in June. Data for May was revised down to show starts rising at. for the largest.

Drop in U.S. Housing Starts Shows Industry May Weigh on Growth – Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. Highlights from Housing Starts (May) .

In an interview with Real Vision, he predicted that stocks would drop about. which ended on May 31. Overall, housing data.

The U.S. economy is expanding at a 2.0% annualized rate in the second quarter based on data that showed a 0.9% drop in domestic housing starts in May, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

Data released today showed that a smaller than expected decline in May Housing Starts. Analysts at Wells Fargo point out despite the drop, there were a few rays. April were also revised higher, and.

Expect slow growth in US housing market in 2019. Bill Wood Tweet Share. the trend in the monthly data for U.S. housing starts was unequivocally upward.. 2019 US auto market may be better.

Single-family housing starts expected to decline 3%. BUILDER Construction Starts Expected to Remain Flat in 2019 Single-family housing starts expected to decline 3%.

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