• US home construction hits highest level since 2007 after 12% surge

    1 month ago - By Business Insider

    US residential construction hit its highest level since July 2007 last month amid double-digit growth for the industry.
    Residential starts hit a 1.36 million annualized rate in August, according to the US Census Bureau. The median estimate from a Bloomberg survey was 1.25 million starts.
    Housing starts are among the most-watched economic indicators in the US, as homes are often consumers' biggest purchases. A slowdown in residential construction could signal economic uncertainty among construction businesses and homebuyers.
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    US housing...
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  • U.S. housing starts, building permits race to 12-year high

    U.S. housing starts, building permits race to 12-year high

    1 month ago - By Reuters

    U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
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  • Comments on August Housing Starts

    Comments on August Housing Starts

    1 month ago - By Calculated Risk

    Earlier: Housing Starts increase to 1.364 Million Annual Rate in August, Highest in 12 Years
    Total housing starts in August were above expectations, and starts for June and July were revised up combined. This was the highest level of starts in 12 years.
    The housing starts report showed starts were up 12.3% in August compared to July, and starts were up 6.6% year-over-year compared to August 2018.
    Single family starts were up 3.4% year-over-year, and multi-family starts were up 13.7% YoY. Much of the strength this month was in the volatile multi-family sector, still - overall - this was a...
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  • 3 Reasons Why There's Further Upside Potential for Gold Prices

    1 month ago - By Forbes

    Gold may be off its 52-week highs, but the precious metal is still up more than 15 percent for the year through September 17. This appears to put gold on a path for its best year since 2010, when it gained just under 30 percent.
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  • Housing Starts increase to 1.364 Million Annual Rate in August, Highest in 12 Years

    Housing Starts increase to 1.364 Million Annual Rate in August, Highest in 12 Years

    1 month ago - By Calculated Risk

    From the Census Bureau: Permits, Starts and Completions
    Housing Starts:
    Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,364,000. This is 12.3 percent above the revised July estimate of 1,215,000 and is 6.6 percent above the August 2018 rate of 1,279,000. Single‐family housing starts in August were at a rate of 919,000; this is 4.4 percent above the revised July figure of 880,000. The August rate for units in buildings with five units or more was 424,000.
    Building Permits:
    Privately‐owned housing units authorized by building permits in August were at...
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  • U.S. housing starts, building permits hit 12-year high

    1 month ago - By Reuters

    U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
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  • US housing starts jump 12.3% to 1.364 million in August, a 12-year high

    1 month ago - By CNBC

    CNBC's Rick Santelli reports on the August housing starts and building permits.
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  • Surge in apartment construction lifts US home building 12.3% in August to highest level since June 2007

    1 month ago - By Chron

    WASHINGTON - Surge in apartment construction lifts US home building 12.3% in August to highest level since June 2007.
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  • US home building climbs 12.3% in August to 12-year high

    1 month ago - By Chron

    WASHINGTON - The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building.
    The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, most since June 2007 and up from a revised 1.22 million, as builders overcame a shortage of skilled workers and available land.
    Construction of single-family homes rose 4.4% to 919,000. Building of apartments and condominiums surged 30.9% -biggest monthly gain since December 2016 - to 424,000.
    Residential construction rose 30.5% in the Northeast...
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