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(RTTNews) – Housing starts in the U.S. rebounded in the month of October, according to a report released by the Commerce Department on Tuesday, although the report also showed a decrease in building.
US housing starts are first up on a busy Tuesday agenda. Housing starts and building permits for December are the first item on the agenda today, followed by more housing data at the top of the.
Housing starts stood at a seasonally adjusted, annual rate of 1.14 million in April. That pace is 9.2% higher than the rate of 1.04 million in April 2014. Tuesday’s numbers. The number of building.
Builder confidence edged down slightly in April as supply places a strain on builders, however confidence in the future remains on solid ground as homebuyer demand continues to surge.
Housing starts, building permits – What to expect in markets. – On Tuesday, new data on May housing starts and building permits will provide another glimpse into the state of the housing market amid a pullback in mortgage rates and mixed signals on homebuilder sentiment.Economists are widely expecting that U.S. new-home construction rose for a third consecutive month in May.
Compared to August last year, housing starts declined 29.6 percent. The housing market, the main trigger of the worst U.S. recession in seven decades, is showing steady signs of healing and analysts.
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Economists polled by Reuters had forecast housing starts rising to a pace of 1.262 million units last month. Permits for future home building rose 2.5 percent to a rate of 1.354 million units in.
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.
Building permits slipped 0.6 percent to a rate of 1.263 million units in October. Economists polled by Reuters had forecast housing starts rising to a pace of 1.225 million units last month. The housing market is being hobbled by rising borrowing costs as well as land and labor shortages, which have led to tight inventories and higher house prices.