Housing Starts Take a Dive

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Housing starts fell 7.4% in April to a seasonally-adjusted 1.85 million annualized units. It was the largest drop in more than a year. Starts are now at their lowest level since November 2004. Sounds like the alarm that we’ve been sounding on housing is starting to really take shape, and that could be bad news for the economy at large.

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After surging 17% in February, housing starts slowed again in March, dropping 10.8% to a seasonally-adjusted annual rate of 510,000, according to data from the Commerce Department. The March dive.

Housing Starts Dive 9% To 18-Month Low, But Single-Family Activity Strong. IBD’S TAKE: housing stocks have been falling as mortgage rates rise.

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What April’s housing starts reveal about the housing market.. amazon stock drops as one-day delivery costs take a bite out of earnings.. A Deep Dive Into How Amazon Prime Members Shopped.

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Housing industry news, home building and construction, and housing market coverage.. US housing starts total 1.253 million in June, vs 1.261 million expected. wed, Jul 17th 2019.

Housing starts and permits disappoint again. Both sets of numbers were well under the consensus estimates. Mainstream media was quick to blame the hurricanes, but starts were also down in the Midwest and Notheast. Let’s take a look at the numbers and the real story.

Housing starts fell way below the previous month’s mark in February, though the dip was consistent with seasonal patterns from a year prior. Starts were at a seasonally adjusted annual rate of 897,000 last month, which is 17.0% below the revised January estimate of 1,081,000.

Housing starts fell further 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. According to the analysis, housing starts fell 8.7% in February 2019 to a seasonally adjusted annual rate of 1.16 million units.