Surprise: July US Housing Starts, Permits Decline Sharply

Surprise: July US Housing Starts, Permits Decline Sharply

Surprise: July US Housing Starts, Permits Decline Sharply US home-building fell in July amid broad declines in single and multi-family home construction, suggesting the housing market is still struggling to rebound after slumping in Q-2. Housing starts declined 4.8% to a seasonally adjusted annual rate of 1.16-M units, the US Commerce Department said Wednesday. June’s […]

US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing

US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing

US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5% from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted […]

US Housing Starts Missed Expectations in May

US Housing Starts Missed Expectations in May

US Housing Starts Missed Expectations in May US housing starts missed in May as the construction of multi-family housing units dropped, but gains in building permits signaled a possible rebound that would support economic growth in Q-2. Groundbreaking fell 0.3% to a seasonally adjusted annual pace of 1.16-M units, the US Commerce Department said Friday. […]