U.S. Housing Starts Cooled in February After Robust January By Tony Seruga 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.
· 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.
Housing starts fell 8.7% 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.
New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.
Housing starts slip, driven by multifamily housing Results on housing construction were far less favorable in February, as home starts fell 7% to a 1.24 million annualized pace. The volatile multi-family component of starts drove the decline during the month, reversing January’s 25.6% gain with an even larger 26.1% decline.
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OTTAWA (Reuters) – Canadian housing starts inched higher in February from the previous month, and building permits rose in January as the long housing boom continued to defy expectations of a.
Freddie Mac trims 2019 origination estimate but could rethink the move · Jumbo loans – mortgages too large to be sold to Fannie Mae and Freddie Mac – fell by 12 percent by dollar volume last year, according to a new report from the Wall Street Journal.
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[Bloomberg] U.S. Stocks Higher on Brisk Factory Output: Markets Wrap [Bloomberg] U.S. Housing Starts Cooled in February After Robust January [Bloomberg] U.S. Factory Output Rebounds in February and Exceeds Estimates [Reuters] Trump’s tariffs head for a legal minefield [bloomberg] The World Economy Risks Turning Too Hot to Handle [CNBC] Investors just pumped the most money [.]
Consumers expecting lower mortgage rates less optimistic about buying Last June, mortgage credit availability was slightly up, an indication of looser lending standards, according to the mortgage bankers association.coincidentally, consumers showed more optimism in getting a mortgage last month per a separate housing index by Fannie Mae.Berkshire Hathaway JV Berkadia buys Central Park Capital Partners Berkadia has acquired central park capital Partners, a real estate capital advisory firm. No financial terms were disclosed. Berkadia is a joint venture of Berkshire Hathaway and Jefferies.Midwest Top Producers see first-time home buyers as key to success "This increase could be the leading edge of first-time buyers responding to very. with pending home sales jumping 8.5%. Pending sales are 7.7% higher there compared with a year ago. The Midwest.
"Overall, the recent cooling of housing starts supports our view for a soft landing of the Canadian housing market in 2014 and 2015," he concluded. regional housing starts in Ontario and the Prairie provinces increased in January, after being impacted by harsh weather conditions in December.
Read: Strong job growth isn't enough to push Fed to get more aggressive. Angel has worked for RBI since August 2009.. Housing starts, 1.261 million, 1.326 million. In the February contest, Angel narrowly beat out Ryan Sweet of. Barraud at Market Securities, Jan Hatzius's team at Goldman Sachs,