WASHINGTON (MarketWatch) — In a blow to the optimism that had surrounded the U.S. housing sector in recent months, housing starts. more hopeful about future sales. Read the full story on the home.
Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday. U.S. Housing Starts Fall More Than Expected, Permits Steady
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WASHINGTON (Reuters) – Housing starts. permits unexpectedly rose 2.1 percent to a 586,000-unit annual pace. That implied home construction activity could pick up in July, analysts said. Building.
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"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.
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Steadily rising price pressures and a tightening labor market are seen. The dollar was little moved by the data as speculation that more top. Economists polled by Reuters had forecast housing starts falling to a 1.290 million-unit rate. Permits for future home building decreased 5.7 percent to a rate of.
Housing starts in the US fell more than expected in May, dropping to an annual rate of 1.. Housing Starts And Permits Fall More Than Expected In May. Jun. 17, 2014 12:51 PM ET |
U.S. housing starts fall more than expected in February on weak. Building permits fell 1.6 per cent to a rate of 1.296 million units in. A survey last week showed confidence among home builders was steady in March, with.
While permits. more builders view the market as favorable than as poor. “Low interest rates, affordable home prices and solid job creation are contributing to a steady housing recovery,” said David.
U.S. new-home construction unexpectedly fell in March, builders remain wary even as lower mortgage rates and steady wage gains offer.
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Geopolitical tensions heated up with Iran, sending crude oil prices surging more than. starts and permits remain.
Builder confidence rose more than expected in the June release of the National Association of Home builders/wells fargo housing market index (HMI), moving to just under the neutral 50 mark. That implies that the next report on starts and permits will deliver stronger numbers.