Housing starts drop 2.8% in October but permits up

Total housing starts posted a 0.9 percent decrease in May (1.269 million units) compared to. Single-family starts in April were revised up to 876,000 units.. Starts Gain Ground But Permit Weakness continues. single-family permits were down 4.2% in April, falling to a 782,000 annual rate, the lowest since October 2016.

Permits now stand at the highest level since June 2008, signaling future gains in home building in the months to come. October’s drop of 2.8% for home building was all due to multi-family units, which were down 15.4% in October and have caused large swings in overall housing starts over the past few months.

Florida single-family home prices up 14% over last year Lenders Slow Foreclosures By 5% in 2010, boosting shadow inventory: realtytrac Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac Shadow Inventory To Peak in Summer of 2010: barclays jon prior was a reporter with HousingWire through late 2012.The number of closed single-family home (SFH) sales increased 15.3 percent to 1,033 in January from 896 a year ago. The median sales price of existing townhouse-condo increased year-over-year by 26.5 percent to $94,900 in January, up from $75,000 in January 2012.

Starts Drop in August, Permits Point to Growth By Robert Dietz on September 17, 2015 ( 0 ) The pace of housing starts posted a small decline in August, but permits and builder confidence suggest ongoing, modest growth for the rest of the year.

Housing Starts Drop 6% in September Washington, October 19-Housing starts fell much more than expected during September, but permits for future building posted a surprise increase.

Housing starts dipped 2.8% in October compared to September to reach a seasonally adjusted annual rate of 1,009,000 units – but unlike previous months, starts of single-family units were up while starts of multifamily units were significantly down, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

U.S. homebuilding fell in May, but groundbreaking activity in the prior two. Economists polled by Reuters had forecast housing starts edging up to a. Permits for the construction of multi-family homes dropped 5.0% to a pace.

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The data early last week on housing was a bright sport for the economy as the Housing Market Index, that reflects builder’s sentiment, came in at a strong 64. The Housing Starts were also positive.

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Builders broke ground on fewer homes but applied for more permits for future. as with the headline numbers, prior months' data were revised up.. still after the disastrous drop in sales in Q4 last year,” said Ian Shepherdson,

Kiplinger's latest forecast on housing starts and home sales. Interest rates, 10- year T-notes at 2.8% by end '19 More . Housing starts and building permits fell in May.. building momentum, but lower prices for construction materials may. On a year-to-year basis, total inventory was up 2.7% in May.

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