Housing starts cooled in February after robust January

The following information is found on the NAR website. Housing Starts Cool Off in January Daily Real Estate News | Friday, February 17, 2017 Overall housing production declined in January after an unusually robust reading in the multifamily sector in December, but economists were unfazed.

NEW YORK (CNNMoney.com) – Unusually warm weather led to a spike in home building in January, but most experts still believe the real estate market will cool off later this year. Housing starts.

Housing starts take a breather in February. Just as markets were celebrating the stellar 9.7% increase in housing starts in January, the February data proved to be a damper for that enthusiasm.

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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.

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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 and prices, have been cooling. New-home.

Builders began work on more homes than forecast in January, reflecting a surge in multifamily units. Housing starts. that robust recovery in the housing sector that we generally see.” With high.

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.

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For January, that is. The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC).

Mortgage applications increase on higher purchase volume Bottom Line: Mortgage rates nudged higher in the first two weeks of April, sending applications for mortgage refinancing lower. Purchase applications, though, held up, even inching a touch higher. applications for 5-year Adjustable Rate Mortgages (5-year fixed then flowing with 30-year amortization schedule) came back down to a more normal share of overall applications after a surprising.

The last time housing starts were stronger was February of 1984, when they came in at a 2.26 million annual pace. The latest report marked the fifth time in the last six months that housing starts.

Housing Starts. Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000. This is 12.3 percent (8.3 percent) below the revised May estimate of 1,337,000 and is 4.2 percent (10.2 percent)* below the June 2017 rate of 1,225,000.

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The residential (REZ), industrial (INDS) and data center (SRVR) REIT sectors have been the stand-outs since the start. sectors has cooled, helping to solidify real estate fundamentals across major.

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