MND NewsWire : housing starts

Housing Starts Fall. Single Family Building Permits On Hold

Adam Quinones — Wed, 18 Nov 2009 16:25:00 GMT

While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were expecting housing starts to increase to 600,000 and permits to increase to a 580,000 annual rate....(read more)

Single Family Housing Starts Increase in September. Building Permits Decline

Adam Quinones — Tue, 20 Oct 2009 15:20:00 GMT

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. ...(read more)

Housing Starts Jump in May, PPI Tamer than Expected

Patrick McGee — Tue, 16 Jun 2009 13:22:00 GMT

Tuesday presented some good news for the real estate market as Housing Starts improved above expectations in May. Inflation for producers was also more benign than expected. Together, the two releases are allowing futures to extend overnight gains. S&P 500 futures are now up 0.5%, compared to just +0.2% before the 8:30 releases. The boost may help the stock index recover from its 2.4% fall on Monday ― the biggest single-day drop in a month. The Housing Starts report showed a 17.2% monthly advance...(read more)

Mid-Morning Recap: Stocks Neutral on Decent Earnings, Poor Housing Data

Patrick McGee — Tue, 19 May 2009 16:00:37 GMT

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...(read more)

Housing Starts Tumble as Multiple Unit Construction Tanks

Patrick McGee — Tue, 19 May 2009 13:06:01 GMT

A government survey measuring new residential construction came in much weaker than forecasts on Tuesday, as plans to build multiple-unit condos plummeted in April. Housing starts ― plans for building new homes ― fell dramatically by 12.8% in April to an annualized pace of 458,000. Forecasts had ranged between 500k and 560k, with the consensus view looking for an advance to 523k. In the past year, housing starts have now plummeted 54.2%. Single-family starts actually rose 2.8% in the month to 368...(read more)

Housing Starts and Building Permits Pull Back in March

CEP News Feed — Thu, 16 Apr 2009 13:52:45 GMT

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...(read more)

Housing Starts and Building Permits Collapse and Hit Fresh Record Lows

CEP News Feed — Wed, 18 Feb 2009 13:48:14 GMT

The U.S. housing sector continued to show weakness in January with housing starts and building permits sinking to new record lows for the second consecutive month. U.S. housing starts fell to an annualized pace of 466k, representing a month-over-month...(read more)

Preview: Pace of Housing Starts Decline Expected to Ease

CEP News Feed — Tue, 17 Feb 2009 20:15:03 GMT

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...(read more)

Housing Starts and Building Permits Set New Record Lows

CEP News Feed — Thu, 22 Jan 2009 14:44:46 GMT

The housing sector continued to show weakness in December with housing starts and building permits sinking to new record lows. Housing starts fell to an annualized pace of 550k, representing a month-over-month decrease of 15.5%, according to data released...(read more)

Preview: Housing Starts & Permits to Fall Beyond Record Low

CEP News Feed — Wed, 21 Jan 2009 20:34:29 GMT

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...(read more)

Plans to Build New Homes Plunge 18.9% to Record Low

CEP News Feed — Tue, 16 Dec 2008 14:25:00 GMT

Plans for constructing new homes in the United States fell to its lowest level on record in November, as the annualized pace of building plans dropped well beyond expectations with a near-20% decline in a single month. U.S. housing starts plummeted to...(read more)

Housing Starts and Permits at All-Time Lows

CEP News Feed — Wed, 19 Nov 2008 17:33:54 GMT

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...(read more)

Housing Starts Fall 4.5% in October, Permits Down 12%

CEP News Feed — Wed, 19 Nov 2008 14:24:48 GMT

Housing starts fell less than expected in October to 791k, representing a month-over-month decrease of 6.3%, according to data released from the U.S. Department of Commerce on Wednesday morning. The drop pushes the number of starts to its lowest level...(read more)

Preview: U.S. Housing Starts Set to Fall in October

CEP News Feed — Tue, 18 Nov 2008 21:38:31 GMT

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...(read more)

Economists Expect Further Declines in U.S. Housing Starts

CEP News Feed — Fri, 17 Oct 2008 14:01:24 GMT

Economists say the rapid deterioration in U.S. housing starts in September means more bad news for the economy, especially as the survey didn't fully capture the impact from the financial turmoil late in the month, which suggests there will be further...(read more)