Housing starts fell most in eight months in February

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. Residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month , according to government figures Tuesday.

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February Construction Starts Descend 3 Percent – The February decline returned construction starts to the downward path that emerged during the closing months of 2018. Two of the three main construction sectors registered weaker activity in February.

Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce.

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Groundbreaking fell 3.8 percent to a. by Reuters had forecast housing starts rising to a 1.17 million-unit pace last month. The report comes on the heels of a survey on Tuesday showing confidence.

U.S. Housing Starts Has Most 8-Month Decline In February by Ike Obudulu Last updated on April 19th, 2019, Washington: U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

WASHINGTON – The number of homes under construction fell 8.7 per cent in February. Apartment construction increased in february. single-family housing starts are running 2.3 per cent below last.

U.S. new-home groundbreakings fell in February bythe most in eight months on a drop in single-family homes,suggesting buyers and builders remain wary despite higher wagesand a drop in mortgage rates. The weakness signals developers continue to struggle to build affordable properties amid rising costs for materials and labor.

jumped 8.1 percent to a 783,000-unit pace in September, the highest level since February. Economists polled by Reuters had forecast housing starts rising to a 1.18 million-unit pace in September. Last.

So-called housing starts fell 8.7% in February from the prior month to a seasonally adjusted annual rate of 1.162 million, the Commerce Department said Tuesday. Residential building permits, which.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage.

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