Housing starts cooled in February after robust January

Housing starts cooled in February after robust January

US Census Bureau New Residential Construction website. describe characteristics of the residents of housing units, and show how they are related.. 2/28/19 – The U.S. Census Bureau updated its 2019 economic indicator release calendar to include January-March 2019 releases following the recent lapse in federal funding.

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.

The release of the December housing starts and building permits report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25. No date has been set for the.

National Housing Market Update | March 2018 “Several other labor market indicators have also cooled. to February after rising 6.4 percent in January. House prices are being driven by an acute shortage of properties available for sale..

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U.S. housing starts decline Most in Eight Months in February. reports are forecast to show pending home sales cooled in February while transactions for new homes rose.. A robust video.

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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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 in January were at a seasonally adjusted annual rate of 1.326 million, up 9.7% compared with 1.209 million in December and up from 1.236 million in January 2017, according to estimates released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. Most of the increase was attributable to starts of multifamily (five units or more per building) homes.

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