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.
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Housing starts. in February, according to data from Freddie Mac in McLean, Virginia. Increased household formation has given companies, including Los Angeles, California-based KB Home, cause for.
Housing Starts Cool Off in January. Regionally, housing permits increased by the highest amount in the Northeast, rising 29.6 percent in January, followed by a 9.9 percent gain in the South, and a 5.3 percent increase in the Midwest. The West was the only major region to see a decline, dropping 13.2 percent in January.
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.
Fraud risk rose on purchase market shift and more wholesale loans Fraud Risk Continues Upward Trend – Mortgage News Daily – Fraud Risk Continues Upward Trend. including a shift to purchase transactions and growing wholesale channel origination activity, it is likely that mortgage application fraud risk will continue.
Highlights of Housing Starts (February) Residential starts fell 7% to a 1.24m annualized rate (est. 1.29m) after 1.33m pace in prior month Single-family home starts rose 2.9%, second straight gain.
"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.
Housing starts reached a 12-year-high annual rate of 1.820 million in January. "If it got any better, we would be in heaven," said Robert Toll, chairman and chief executive officer at Toll.
Gold Price Prediction for February 19, 2018.. The U.S. housing starts report beat estimates. where we possibly had some "catch up" before month-end after a cold start to January and a.
Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the Commerce Department reported Thursday. Single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.
Photographer: Daniel Acker/Bloomberg Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February. Meanwhile, other housing indicators, including starts.