· Economists anticipated a 2.2% drop in June U.S. housing starts, but were surprised when the Commerce Department estimated starts plunged 12.3% to a.
The IHS Markit Flash US Manufacturing Purchasing Managers’ Index edged down. housing sector also reflects a conspicuous weakening in recent history. The one-year changes for housing starts.
Housing Starts Down Slightly: Single-Family Very Weak, Down 12.5% Year-Over-Year. by Mish.. Iran struck back last Friday. Mish. 2 days. 26.. The NAR says existing home sales are down 2.2% from a year ago. The breakouts by price range do not seem to add up. Mish.
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NEW YORK – July 24, 2019 – New construction starts. housing in June was 6% below its average monthly pace during 2018. By region, the first half of 2019 showed this performance for single family.
In June, months of inventory hit 2.9 months, the same as it was this time last year. properties stayed on the market an average of 42 days in June versus 43 days in 2018, a decline of 2 percent.
What We’re Afraid Of In Housing The old joke is that Generals are always ready to fight the last war. price of new homes.
June 18, 2019 Housing Starts Relatively Flat Off of Strength in Multifamily Sector. Total housing starts declined 0.9 percent in May to a seasonally adjusted annual rate of 1.27 million units from an upwardly revised reading in April, June 17, 2019 Builder Confidence Solid in June Amidst Growing Economic Uncertainty
June’s reading was the highest so far for the Dodge Index during 2019, topping the 175 for March, and coming in slightly above the full year 2018 average for the Dodge Index at 172.
The poverty housing industry is a problem (Though some affordable-housing developers try to build in the suburbs, many more, especially those in the "poverty-housing industry," advocate for building more developments in high-poverty.
Calgary Housing Market and Update. 1st quarter home sales in Calgary fell 9% compared to last year and are down 30% from typical sales levels. Sales here are typical of that in Toronto and Vancouver.. Zolo however, says average prices have been rising the last few weeks, so perhaps March is in the rear view mirror.
Wells Fargo mortgage leader Michael Heid retiring Home prices are up six percent as is home building. For example, companies like Boeing, AT&T, Comcast, Wells Fargo and Fifth Third Bank Corps — all announced employee bonuses or pay increases.
· Year over year, June housing starts lost 2%. Total new applications for building permits were up 1.5% last month to 1.15 million but down 13.6% from June 2015.
Gilbert, Arizona, tops the list of America’s booming neighborhoods The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.
June’s year-over-year decline is a marked change from the double-digit price growth of the last several years – and still more evidence that the Seattle area housing market has hit some sort.