Housing permits, starts both fall in January

So-called housing starts fell 8.7% in February from the prior month, the Commerce Department said Tuesday. This largely reversed solid gains seen in January. Meanwhile, residential building permits,

Fewer building permits were issued in the U.S. last month, and housing starts slumped, a sign U.S. home builders remain cautious about demand for new properties.

Groundbreaking fell 3.8 percent to a seasonally adjusted annual pace of 1.099 million unitsReuters | February 18, 2016, 18:30 IST WASHINGTON: U.S. housing starts unexpectedly fell in January likely. Both starts and permits had been forecast to fall to 1.46 million. See Economic Calendar.

How to Get A Building Permit  · Recent economic reports suggest a bleaker picture for housing. existing home sales fell 5.1% in January from December to the slowest pace in over a year. Permits for new residential construction and housing starts were both down and below expectations. -.

U.S. homebuilding tumbled in June for the second straight month as both housing starts and building permits declined from a month ago. The industry is plagued with land and labor shortage that is.

Singlefamily housing starts in January were at a rate of 926,000, 25.1% above the revised December figure of 740,000. The January rate for units in buildings with five units or more was 289,000..

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Housing Starts and Permits Roll Back January Gains. of Housing and Urban Development for both construction permits and housing starts were well below even. but fall 25.5 percent compared to.

January 2013.. for building permit authorizations, six months for total starts, and six. that is, it is uncertain whether there was an increase or decrease.. FRED App <https://fred.stlouisfed.org/fredmobile/> for both Apple.

NEW YORK (CNNMoney.com) — Housing permits and starts both tumbled to record lows in December. Housing starts were expected to fall to 610,000 in December from a revised 651,000 in November..

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New construction starts fell 11% in December but permits are back up now, signalling builders are feeling good about the housing market and economy again. Q1 US Home Affordability Despite poor sales across the nation, particularly in California , Attom Data reports homes are becoming even less affordable (prices outpace wages).

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U.S. housing starts, building permits fall in January. Part of the decline in starts could be attributed to the snowstorms, which blanketed the Northeast last month. December’s starts were revised down to a 1.143 million-unit rate from the previously reported 1.15 million-unit pace.