Housing starts cooled in February after robust January

Highlights of Housing Starts for February Residential starts fell 7% to a 1.24 million annualized rate (est. 1.29 million) after 1.33 million pace in prior month.

Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the Commerce Department reported Thursday. Single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.

 · The February housing starts rate of 953,000 units was the highest since the 1.04 million rate of last July, the Commerce Department said. The 6.5 percent increase from January.

Note that single-family starts peaked around 1.8 million in mid-2005, which is when the homebuilder stocks peaked. note that in a robust housing market. monthly level was changed at the end of.

 · Housing completions increased 7.8 percent to a rate of 1.319 million units in February. That was the highest level since January 2008. The number of single-family houses completed last month was the highest since March 2008. There were 501,000 single-family housing units under construction in February, the most since June 2008.

For January, that is. The trend in housing starts was 224,865 units in January 2018, compared to 226,346 units in December 2017, according to Canada Mortgage and Housing Corporation (CMHC).This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

OTTAWA (Reuters) – Canadian housing starts inched higher in February from the previous month, and building permits rose in January as the long housing boom continued to defy expectations of a.

New-home sales decline in January to three-month low Fannie markets more than $3 billion in distressed loans Fannie Mae has served the small loan multifamily market successfully for more than 20 years and has provided more than $24 billion of liquidity to this market over the last decade. For more.Choice Act would grant QM status to portfolio mortgages One of the biggest changes going forward allows banks to give automatic qualified mortgage status to customers they know if the. banks with assets of less than $5 billion. The Dodd-Frank act, named.Home sales will benefit from the improving labor market, which bounded forward in January. Payrolls advanced by 257,000 month-over-month, according to Labor Department figures, capping the biggest.Single-family housing starts rise to highest level in a decade Single-family production increased 6.5 percent to 872,000 units – its highest reading in nearly a decade. Meanwhile, the multifamily component fell 3.7 percent to 416,000 units. "This month’s gain in single-family starts is consistent with rising builder confidence in the housing market," says Granger MacDonald, chairman of the National.

Residential starts fell 7% to a 1.24 million annualized rate (estimates 1.29 million) after a 1.33 million pace in prior month.

Housing Starts Increased In February. Home construction is starting to increase at an annualized rate of almost 1.2 million in February. After January’s decline in housing starts, it seems that the housing market is back on track to have a strong year.

 · No magic bullet: The solution to millennials’ housing plight is better supply (February 2019) Toronto and vancouver buyers stay in hibernation in January; prices drift down (February 2019) canadian housing health check (January 2019) Modest price gains in Toronto and Vancouver in August a sign of things to come (September 2018)

When will non-QM loans and HELOCs take off? MBA has created a guide should a partial Federal government shutdown take place on December 22. Some say non-QM lending. checklist based off the borrower’s answers. PerfectLO now offers a.