Housing starts decline to two-year low in December

 · U.S. home building dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite.

WASHINGTON (Reuters) – U.S. homebuilding tumbled to a more than two-year low in December as construction of both single and multi-family housing declined, the latest indication that the economy.

Housing starts still rose to 1.25 million last year from 1.20 million in 2017, however. The decline in 2017 was the first since 2010. Because of delays caused by the partial government shutdown, which ran a record 35 days, the U.S. Census incorporated updates into the latest housing-start figures that normally would have occurred later on.

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US Dec Housing Starts declined to a 2-year low: 1,078K v 1,256K eyed.. Privatelyowned housing starts in December were at a seasonally adjusted annual rate of 1,078,000. This is 11.2 percent.

 · The Truth Behind The Housing Market. the growth in Housing starts is at a multi-year low while home prices are at a multi-year high.. A continued decline.

U.S. housing starts plunged 11.2% to 1.08 million (annualized) in December from a downwardly revised 1.21 million in November. The decline was broad-based with the volatile multi-family segment.

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.

Mortgage rates rise again, but shouldn’t affect home buying Current Home Mortgage Rates Comparison On June 04, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 4.09.

Already pricing-in dovish monetary conditions, the recently high-flying REITs underperformed on the week despite a decline in.

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.

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U.S. new-home construction in december fell tothe lowest since September 2016, as builders held back during aturbulent month for financial markets. Residential starts fell 11.2 percent to a 1.08 millionannualized rate after a downwardly revised 1.

thousand units. The fall in Housing Starts from September to November indicates that the short term Housing Starts trend has been down. If that trend continues, we should see a housing starts level in December, 2018 that is close to 1197 thousand units. Over the last year housing starts have averaged 1257 thousand units