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New housing starts rose less than expected to 590,000 annualized units, economists were expecting a rise of 610,000 units after a read of 598,000 in August (which was revised lower to 587,000 annual units). The rise in new housing starts was a factor of a 3.9% increase in single family construction starts while multifamily starts fell by 15.2%. Building permits fell by 1.2% to 573,000 annual units led by a 3.0% decline in single-family permits while multi-family permits rose by 6.0% to 123,000 annualized units. ...

Following a 3% gain on Monday, the S&P 500 is about neutral after the first hour of trading on Tuesday, a fitting response to a better than expected earnings report from Home Depot contrasts with worse than anticipated housing data. As of 10:30 am EST, the S&P 500 is up 0.44% to 913.7, the Dow has edged up 0.04% to 8507, and the Nasdaq has turned positive to 1736. To start Tuesday off on a positive note, Home Depot announced its Q1 earnings beat expectations with a 44% gain. On Monday, a...

The U.S. housing sector showed greater than expected weakness in March, with both housing starts and building permits both falling further than expectations. Housing starts fell to an annualized pace of 510k, representing a month-over-month decrease of...

Although U.S. housing starts and building permits are forecast to reach fresh record lows in January, most economists expect the pace of decline to ease . Following back-to-back 15% monthly declines in residential construction activity in both November...

The only major economic data to be released for the United States this week is the housing starts and permits report from the Commerce Department. Unfortunately, the news is likely to be grim, suggesting that problems in the housing sector continue to...

U.S. housing starts and building permits each fell to record lows in October, which economists say is bad news in the short term. However, the quicker housing activity declines, the quicker excess inventory will be cleared off the market and the housing...

The U.S. housing market is expected to give further proof of a long, slow-motion decline with the release of the housing starts & permits report from the Department of Commerce on Wednesday. The starts index could potentially fall to levels not seen...