Housing starts slip, driven by multifamily housing Results on housing construction were far less favorable in February, as home starts fell 7% to a 1.24 million annualized pace. The volatile multi-family component of starts drove the decline during the month, reversing January’s 25.6% gain with an even larger 26.1% decline.
U.S. Housing Starts Cooled in February After Robust January By Tony Seruga U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed Friday.
Residential starts fell 7% to a 1.24 million annualized rate (estimates 1.29 million) after a 1.33 million pace in prior month.
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Gold Price Prediction for February 19, 2018.. The U.S. housing starts report beat estimates. where we possibly had some "catch up" before month-end after a cold start to January and a.
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"Overall, the recent cooling of housing starts supports our view for a soft landing of the Canadian housing market in 2014 and 2015," he concluded. Regional housing starts in Ontario and the Prairie provinces increased in January, after being impacted by harsh weather conditions in December.
Retail sales rose 1.1% in February from the prior month, seasonally adjusted, thanks in large part to robust gains for. jumped 5% last month from January, a big factor in the overall retail sales.
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Housing Starts Cool Off in January. Regionally, housing permits increased by the highest amount in the Northeast, rising 29.6 percent in January, followed by a 9.9 percent gain in the South, and a 5.3 percent increase in the Midwest. The West was the only major region to see a decline, dropping 13.2 percent in 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.
Photographer: Daniel Acker/Bloomberg Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February. Meanwhile, other housing indicators, including starts.
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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.