Other reports have showed reason for optimism in housing at the start of 2019, as pending home sales rose by more than forecast in January and the outlook among homebuilders picked up. Three of four regions posted gains in starts, led by a 58.5% rise in the Northeast that was the most since June 2017.
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The housing market has been weak since 2018, and housing starts had a phenomenal run this year. This article serves the sole purpose of adding value to the research process. Always take care of.
The start of 2018 saw a 10-year high for housing starts – the point when construction begins on a property – with more than 1.33 million housing units started in January nationwide, according to the U.S. Census Bureau.
Can America build its way out of the shortage? Single-family housing starts in January were weaker than any similar point in an expansion, going back to the mid-1960s real-estate dip. Construction.
New Housing Starts Take Double-Digit Dive in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that new housing starts in August fell.
US Housing Starts Fall Led by Single-Family homes housing starts in the US fell 8.7 percent from a month earlier to a seasonally adjusted annual rate of 1,162 thousand units in February 2019, following a downwardly revised 11.7 percent surge in January. It was the largest decline in housing starts since last June.
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Canadian Housing Starts Fell 18% In December, CMHC Data Shows. Canada Mortgage and Housing Corp. says housing starts in December came in at a seasonally adjusted annual rate of 172,965 homes, down from 212,028 in November, a decline of more than 18 per cent, mainly because of fewer multiple-unit projects.
The new Central 1 report forecasts an 11 per cent drop in B.C. home sales for 2019, while the median provincial home price is projected to decline for the first time in seven years.