Housing starts decline to two-year low in December

 · Sales of new U.S. single-family homes fell to a near two-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher.

Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is near.. housing starts sink 11% to two-year low in. The percent decline was the largest in eight months, and bad weather could have contributed to the sharp drop in homebuilding last month. US housing starts.

US housing starts approach two-year low; permits weak. Building permits decline 1.7%, single-family starts drop 0.4%. Published: April 19, 2019 19:14 Reuters. WASHINGTON.

Single-family starts fell 6.7 percent to a two-year low and permits for the category slumped. Starts for multifamily homes with five or more units, a category that tends to be volatile and includes apartment buildings and condominiums, fell 22 percent, the most since November 2016. Starts for November were revised down from a 1.26 million pace.

 · U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South.. Housing starts decreased 4.7 percent to.

FHFA announces senior staff appointments  · The Federal Housing Finance Agency (FHFA) has announced that John Roscoe has been appointed as Chief of Staff, reporting directly to Joseph Otting, who became Acting Director of the FHFA in early January.

That confidence report offset data showing U.S. housing starts falling to a more than two-year low in december. improving risk appetite lifted the British pound following media reports Prime Minister.

Starts for November were revised down from a 1.26 million pace. Three of four regions posted declines, led by a 26.3% drop to the lowest since 2015 in the West.

As such, we have temporarily been able to overcome – partially – the low level of new-home building through the occupation of previously vacant dwellings. Housing. decline. We are not about to.

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Gold prices have ticked downward today despite negative housing market data which revealed that the rate of new US homes being built in December sunk to a two-year low. Key Takeaways US housing starts dipped 11.2% to an annualized rate of 1.08 million after a downwardly revised rate 1.21 million the month before.

Next year, Yun anticipates essentially no change, a decline. low inventory. In November, the months-supply of homes for sale on the market plummeted to 3.4 months – the lowest since NAR started.