Residential Construction Down in June. This is the first time that single-family starts average at or above the 900,000 level in a quarter since the third quarter of 2007. Moreover, at the half-year mark, single-family starts on a not seasonally adjusted basis are 8.1 percent ahead of their year-ago pace.
And in the Midwest, single-family starts fell by 29.1%, to 112K. If not for the Midwest shortfall, single-family housing starts would have only fallen by 4.2% nationally, rather than the reported.
Housing starts are down 4% in July with multi-family. This is 8.4 percent above the revised June rate of 1,232,000 and is.
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Single-family housing completions in June were at a rate of 870,000, a 1.8 percent drop from the revised May rate of 886,000. privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,161,000, down 4.8 percent from the revised May estimate of 1,220,000 and down 3.7 percent from the June 2018 rate of 1,205,000.
But the problem is single-family housing starts in June were at a rate of 685,000, 0.9% (11.5%) below the revised May figure of 691,000. The June rate for units in buildings with five units or.
For the single-family segment, starts were down in the Northeast but up in the South, the Midwest, and the West. Total housing permits fell 6.1 percent to 1.220 million from 1.299 million in May. Total permits are 6.6 percent below the June 2018 level.
Today’s data for July housing starts. down) after a record post-2009-long string of very poor results. Its 3-month moving.
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US Housing Starts Down 3% In August, Showing Declines In. from July's figures in both apartment buildings and single-family homes.. Single-family homes, which make up around two-thirds of the market, fell to 739,000.
BUILDER june construction starts Up, but Single-Family residential slips single-family has yet to see any sustained growth during the first half of 2019.
The NAHB/Wells Fargo Housing Market Index has been in the low- to mid-60s for six months. This month’s uptick was matched by a 3.5% gain for single-family starts in June, rising to an annual rate of 847,000. Still, single-family construction in 2019 is down approximately 5% compared to the first half of 2018.
Single-Family Building Ready to Climb New residential construction continues to be fairly sluggish. Total housing starts declined 0.9% during June, dragged down by a sharp 9.2% decline in the volatile.
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