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After a hot start to the year with January housing starts and permits blowing away expectations, both numbers for February came in below expectations. Permits were 1,298,000, slightly below the consensus of 1,322,000 but still a relatively strong number and 6.5% higher than last year.
Announcements. For the U.S. and Census Regions, seasonally adjusted estimates for January 2012 through March 2018 for housing units authorized by building permits will be released with the April 2018 New Residential Construction release on May 16, 2018.
Even after a big drop in mortgage rates since last fall, sales of previously-owned homes are 2.2% lower than a year ago. A 30.
WASHINGTON (Reuters) – U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be a temporary setback for the.
Economists surveyed by The Wall Street Journal had expected December housing starts to reach a rate of 1.20 million, and 1.20 million building permits to be issued. sentiment index stayed at 60 in.
EUR/USD is trading below 1.1250 – the lowest in two weeks – after the US reported a gain of 224K Non-Farm Payrolls, better than expected. GBP/USD is trading below 1.2550 as the US Non-Farm Payrolls.
Given that the sales for both new and existing homes sold briskly throughout last year and at notably higher prices, housing starts should easily surpass 1.3 million in 2018.
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WASHINGTON (Reuters) – Housing starts and permits to build new homes both fell in February. Analysts polled by Reuters had expected housing starts to fall to 570,000 units. January’s housing starts.
U.S. housing starts, permits fall in December WASHINGTON – U.S. housing starts and permits fell in December after hefty gains the prior month, adding to a raft of weak data that have raised.
Mortgage originations down 35% in first quarter Fannie Mae: improving american outlook bodes well for housing "Lenders’ improved demand outlook going into the spring selling season bodes well for our forecast of relatively flat mortgage volume this year following the double-digit drop in 2018," Duncan said in a press release on the survey.Wells Fargo mortgage originations tumble amid rising interest. – In the first quarter of this year, Wells’ originations were 65% purchase and 35% refi. In the third quarter, the refi share has fallen significantly to just 19% of Wells’ originations.
Single-family housing starts fell in the Northeast, but rose in the Midwest, West and South. Building permits tumbled 6.1% to a rate of 1.220 million units in June, the lowest level since May 2017. Permits have been weak this year, with much of the decline concentrated in the single-family housing segment.
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Permits, however, fall 4.6%. Housing starts in May rose 5% from a revised April estimate to a seasonally adjusted annual rate of 1,350,000, 20.3% above the May 2017 rate and a 10-year high, the.
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