Posted on

Housing starts cooled in February after robust January

Sales of existing homes soared in February, though they remain slightly below where they were a year ago. Some red-hot markets have cooled off. Home prices in Seattle rose just 4.1 percent in January.

U.S. housing starts jumped 18.6 percent in January, and St. Johns County mirrored the brisk pace this winter. According to an Associated Press report, at the national level, builders ramped up.

U.S. Housing Starts Cooled in February After Robust January (1) (Bloomberg) – U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed Friday.

Housing starts jumped 5.7% in April to 1,235 thousand after having risen 1.7% in March. Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which is the series shown above). That 3-month average now stands at 1,184 thousand.

Declining mortgage rates drive refis and new-home purchases Millennials emerge as a bulwark against canada housing bust Millennials. Millennials Emerge as a Bulwark Against Canada Housing Bust. Bloomberg – Natalie Wong. Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain.

Housing Starts Cooled in February After Robust January.. Highlights of Housing Starts for February. with a 90% chance that the January figure for starts ranged from a 23.7% drop to a 9.7% gain.

Top-heavy housing market is crowding out the little guys

PDF Monthly Residential Construction, April 2019 – Starts Completions With this release, seasonally adjusted estimates of housing units authorized but not started, started, under construction, and completed have been revised back to January 2014. All revised estimates are available on our website. Source: U.S. Census Bureau, HUD, May 16, 2019

After a strong start to the year, the U.S. housing market cooled in February. Housing starts fell 8.7% from January, according to data from the Commerce Department released on Tuesday. Despite the.

Private insurers may expand role in federal flood program Although flood insurance may present a tremendous growth opportunity for private carriers, convincing them to get back into the flood insurance business in a big way will likely require concrete actions on the part of federal and state lawmakers to create an environment in which carriers are given enough flexibility to underwrite and price.

. of other soft data, including housing starts and manufacturing production that have left. Data for January was revised higher to show retail sales increasing 0.7. in February after an upwardly revised 1.7 percent surge in January.. It's a tough decision that many of the Midwest's farmers had to make this.

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.

U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter,

RBC seeks to join Canada mortgage-bond fray on nonprime deal CIBC World Markets has identified another area of concern for the Canadian housing market in its latest report: the non- or less-regulated lenders offering home loans to consumers. The CIBC study said these risky lenders occupy 5% of the country’s mortgage market. "The risk we are facing today is.New documents give hope to Fannie shareholders seeking redress Declining mortgage rates drive refis and new-home purchases In addition to the illegal wire transfers, Angela Merkel was shielding Deutsche Bank from international criminal investigators and from Basel II banking supervision procedures; concealed at Deutsche Bank were American derivatives-related papers which incriminated major political figures and financial establishments in the US.