Housing starts cooled in February after robust January

Housing Starts Cool Off in January. Regionally, housing permits increased by the highest amount in the Northeast, rising 29.6 percent in January, followed by a 9.9 percent gain in the South, and a 5.3 percent increase in the Midwest. The West was the only major region to see a decline, dropping 13.2 percent in January.

Mortgage rates inch up after five-week decline That’s only the second increase in 13 weeks and comes after a 3.7 percent decline in. to amped-up home purchases. Low mortgage rates have brought buyers into the housing market, and prices have.

Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the commerce department reported thursday. single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.

Residential starts fell 7% in February to a 1.24 million annualized rate (the estimate had been for 1.29 million starts) after a 1.33 million pace in the prior month. single-family home starts rose 2.9%, a second straight monthly gain, but multifamily starts fell 26.1% after a similar jump in January, according to government figures released on March 16.

After all. Department. Housing starts are forecast to rebound to a 1.04 million pace from an 897,000 rate in February, according to the median forecast in a Bloomberg survey of economists. Building.

Mortgage rates rise again, but shouldn’t affect home buying Mortgage rates have increased the past couple of weeks. With the Federal Reserve expected to raise the nation’s benchmark interest rate over the coming months, it’s reasonable to expect that mortgage rates will rise as well. It therefore makes sense that if you’re going to buy a home or refinance your current mortgage, you should do so sooner rather than later.Treasury’s point man on GSE reform stepping down Big banks fought against its inclusion in the 2010 financial reform law and have been steadily fighting to repeal it ever since. The spending bill is expected to pass the Senate in the coming days..

Trend to watch: Retail sales have been choppy throughout the early months of the year, with gains in January and March followed by declines in February and April. monthly increase in housing starts.

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

Highlights of Housing Starts (February) Residential starts fell 7% to a 1.24m annualized rate (est. 1.29m) after 1.33m pace in prior month Single-family home starts rose 2.9%, second straight gain.

For January, that is. The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC).This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

improvement in housing activity, dragged upward by strengthening economic and labor market fundamentals, rather than a breakout year for the industry. Housing starts cooled in January after reaching an expansion-best pace in December, and builder confidence softened in February to a four-month low.

Essent posts higher net income at year’s midpoint The medical products supplier’s earnings growth was much higher than its revenue growth as a result of those efforts. Baxter announced its fourth-quarter and full-year 2017 earnings. The company.