• Housing Starts Decreased to 1.201 Million Annual Rate in September

    28 days ago - By Calculated Risk

    From the Census Bureau: Permits, Starts and Completions
    Housing Starts:
    Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000. This is 5.3 percent below the revised August estimate of 1,268,000, but is 3.7 percent above the September 2017 rate of 1,158,000. Single‐family housing starts in September were at a rate of 871,000; this is 0.9 percent below the revised August figure of 879,000. The September rate for units in buildings with five units or more was 324,000.
    Building Permits:
    Privately‐owned housing units authorized by building permits in...
    Read more ...

     

  • US housing starts sank 5.3 percent in September

    US housing starts sank 5.3 percent in September

    28 days ago - By Chron

    WASHINGTON - U.S. home construction fell 5.3 percent in September, a sign that rising mortgage rates may be weighing on the market.
    The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27 million in August. So far this year, starts have increased 6.4 percent. But the pace of homebuilding has downshifted since May.
    Homebuyers are facing new cost pressures that could be dampening demand.
    Mortgage buyer Freddie Mac says that the average 30-year fixed-rate mortgage jumped to 4.9 percent last week, the...
    Read more ...

     

  • US home construction sank 5.3 percent in September as mortgage rates have climbed

    28 days ago - By Chron

    WASHINGTON - US home construction sank 5.3 percent in September as mortgage rates have climbed.
    Read more ...