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The Commerce Department released October New Residential Construction: Building Permits, Housing Starts, and Housing Completions data this morning. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun...
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The Census Department released September New Residential Construction: Building Permits, Housing Starts, and Housing Completions data this morning. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun...
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Recap of Yesterday NAHB : Builder confidence falls in October. NAHB urges Congress to extend FTHB tax credit: “ Congressional action to expand the tax credit and extend it for one year would provide a critically needed boost to the employment market and economy, generating nearly 350,000 jobs,...
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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...
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The S&P 500 climbed more than 3.00% on Monday, initially led by a better than expected earnings report from Lowe’s, the home improvement retailer. To begin Tuesday, its rival Home Depot has just announced its Q1 earnings also beat expectations with a 44% gain. S&P 500 futures fell nearly...
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New economic data will be in short supply this week but the few releases that will be published do concern the housing market. Monday gives a look at homebuilder confidence, Tuesday gives data on new construction, and Thursday will show the survey week results for Jobless Claims. Further Details: The...
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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 10.8%, according to the U.S. Department of Commerce...
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An interview with Dan Binder of Jefferies and Co. as he talks more on whats behind his statement 'it is time to buy a retail' and more on the housing starts. (Bloomberg News)
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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 decrease of 16.8%, according to the U.S. Department...
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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 and December, housing starts are expected to fall...