Housing Starts Take a Dive

Housing starts and permits disappoint again. Both sets of numbers were well under the consensus estimates. Mainstream media was quick to blame the hurricanes, but starts were also down in the Midwest.

Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce.

Real Estate Market Forecast: U.S. Housing Market Takes a Dive.. Housing starts were up 11.3% in December to a seasonally adjusted rate of 1.23 million.. which could take a big bite out of the U.S. housing market. This could be a serious drag on the U.S economy in 2017.

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Let’s take a look. existing home sales take a dive, world does not end – The American Genius Existing home sales dipped in January, and prices continue to climb, bringing a mixed bag of news.

Housing tipping back to a buyer’s market as sellers cut prices. 6:12 PM ET Thu, 16 Aug 2018 More price cuts are cropping up on U.S. housing markets listings than a year ago. This signals a turn in the market, which has been largely a seller’s market for the past few years.

After surging 17% in February, housing starts slowed again in March, dropping 10.8% to a seasonally-adjusted annual rate of 510,000, according to data from the Commerce Department. The March dive.

The volatility in home sales reflects broader uncertainty in the housing market. Buyers have been eager to take advantage of.

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Housing starts October were up 1.5% compared with September but were. at a rate of 376,000 – flat compared with the previous month. Completions also took a dive; they were down 3.3%.

Home sales take a dive in June normally the strongest The onset of summer typically comes with the largest volume of home sales, however exorbitant prices kept potential buyers at bay, according to Remax’s National Housing Report.