|This email was sent to you by:|
Tonya W. Kenon |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
ECON: Housing Starts Weaker Than Expected, Dragged Down By Multifamily
Posted to: Micro News
Wednesday, September 18, 2013 9:01 AM
- Starts 891k vs 917k forecast
- Permits 918k vs 950k forecast
- Single family starts up 7 pct to 628k, highest since Feb
- Multifamily DOWN 11.1 pct
- Single Fam Permits +3pct, Highest since May
- Multifam DOWN 15.7
- Market Reaction: Slightly negative bias for bonds persists from overnight activity. This data didn't change that much. Moving on...
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 918,000. This is
3.8 percent (±1.3%) below the revised July rate of 954,000, but is 11.0 percent (±1.8%) above the August 2012 estimate of 827,000.
Single-family authorizations in August were at a rate of 627,000; this is 3.0 percent (±0.9%) above the revised July figure of 609,000.
Authorizations of units in buildings with five units or more were at a rate of 268,000 in August.
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 891,000. This is 0.9 percent (±13.0%)* above the
revised July estimate of 883,000 and is 19.0 percent (±11.1%) above the August 2012 rate of 749,000.
Single-family housing starts in August were at a rate of 628,000; this is 7.0 percent (±13.9%)* above the revised July figure of 587,000.
The August rate for units in buildings with five units or more was 252,000.
Privately-owned housing completions in August were at a seasonally adjusted annual rate of 769,000. This is 0.3 percent
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.