Housing starts fell most in eight months in February

Canadian housing starts declined for the first time in three months. declined 8.2 percent to 119,478, and single-family dwellings fell 0.8 percent to 57,520 units. The rate of home construction.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

by Fouad Egbaria on April 8, 2019. Request your two-month free trial of MetalMiner's Outlook. Residential construction spending was $540.9 billion in February, up 0.7%. the economic indicators they most frequently look to for guidance on the general. As previously noted, U.S. housing starts fell 8.7% in February.

Housing starts fell to an annual rate of 907,000 last month from an upwardly revised. 24.3% to a post-recession high of 407,000 in February. Meanwhile, permits for single-family homes declined 1.8%.

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New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. Residential starts fell 8.7% to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month, according to government [.]

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U.S. Housing Starts Decline Most in Eight Months in February New data suggests developers continue to struggle to build affordable properties amid rising costs for materials and labor.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage.

The percent decline was the largest in eight months, and bad weather could have contributed to the sharp drop in homebuilding last month. US housing starts fall on weak single-family homebuilding.

Housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million U.S. homebuilding fell more than expected in February as construction of single-family homes dropped to more than a 1-1/2-year low, but the outlook for the housing market is improving amid declining mortgage rates.

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Housing starts in the United States fell 1.1% to 698,000 units in February, down from 706,000 in January, the government said Tuesday. At the same time, the Commerce Department reported that.