Highlights from Housing Starts (May) Residential starts decreased 5.5% to a 1.09m annualized rate (est. 1.22m), the weakest since September Starts in April were revised down to 1.16m, while March figures were also weaker than last reported Permits, a proxy for future construction, fell 4.9% to a 1.17m rate, the lowest since April 2016.
Queens home-sellers aren’t waiting for Amazon to raise prices People on the move: Jan. 25 LI people on the move, Jan. 25 Melissa Negrin-Wiener has been named partner at Genser Dubow Genser & Cona , a Melville-based firm. The Smithtown resident was an associate since joining the firm in.
* Housing starts drop 0.9% in May; April revised higher. * Single-family starts fall 6.4%; multi-family up 10.9% * Buildin. U.S. housing starts drop in May masks some signs of improvement
Mortgage refinance booms are a thing of the past: MBA chief economist MBA Forecasts Originations Through 2019. For 2019, MBA is forecasting total originations to rebound to $1.64 trillion, based on an increase in purchase originations to $1.24 trillion while refinancing declines further to a volume of $395 billion. Michael Fratantoni, MBA’s Chief Economist and senior vice president said,
The US economy may continue growing steadily.. The household sector has provided an underpinning of steady growth for the US economy over. Housing starts at the current level of around 1.2 to 1.3 million may be the best we can get.. Policy uncertainty is therefore likely to continue to weigh on investment decisions.
U.S. Housing Starts Declined in May — Update – ih.advfn.com – U.S. Housing Starts Declined in May — Update: By Harriet Torry . WASHINGTON — A gauge of U.S. home building declined in May, a fresh sign of weakness in the housing market. housing starts fell 0.9% in May from the prior month to a seasonally adjusted annual rate of 1.269 million, the Commerce Department said Tuesday.
Construction Starts Expected to Remain Flat in 2019 | Builder. – single-family housing starts expected to decline 3%.. the expansion for the U.S. construction industry has shown deceleration in its rate of growth, a pattern that typically takes place as an.
Those supply challenges were highlighted by a drop in the number of homes under construction to a seven-month low in April. “The housing market is coming. for economic growth and right now, that is.
Notable economic next week include Housing Starts and Existing Home Sales. The new threat of the U.S. imposing escalating tariffs on Mexico further weighed on sentiment.. A preliminary look at the May PMI data shows a weakening as well, Despite a 6.1% increase in imported petroleum prices, a -0.6% decrease in.
Growth in the worlds second largest economy is likely to drop. Starts Were Stronger than Expected In a reversal, US Housing starts for January came in stronger than expected. The decline in US.
WASHINGTON (Reuters) – U.S. homebuilding unexpectedly fell in May, but data for the prior two months was revised higher and building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates. housing starts dropped 0.9% to a seasonally.