Is the Housing Construction Cycle Finally Breaking?
9 Articles
9 Articles
The housing constructions started in the United States totalled 1,257 million in August, which represents a 2.6% decrease compared to the revised figures of July (1,309 million), according to data released this Thursday by the Department of Commerce of the country. The result contradicted the market estimates, which expected a 4.9% increase in housing constructions. The permissions for new works in the United States were 1,394 million in August,…
Housing Starts ^ Permits Plunge In August As Homebuilder Confidence Nears COVID Lows
Housing Starts ^ Permits Plunge In August As Homebuilder Confidence Nears COVID Lows On the back of another tumble in homebuilder confidence (though still a long way from homebuyer confidence)... ...building permits were expected to decline in August (while starts were expected to rebound from July's big plunge). However, both Starts and Permits dropped MoM, dramatically worse than expected (Starts -2.6% MoM vs +6.7% MoM exp, Permits -2.7% MoM v…
Is the housing construction cycle finally breaking? - Boston Real Estate Investors Association
Housing starts and permits have been falling for years, but things could be much worse as higher rates have taken a bite out of this sector. This sector hasn’t broken yet, as it has in other economic cycles — mostly because builders have been working with sub-6% rates for the past few years. This has […]
Housing construction in the United States fell 2.6 percent in August from the previous month, to a seasonally adjusted annual rate of 1.275 million homes, according to statistics from the US Department of Commerce.
Result contradicted the expectations of consulted analysts who expected discharge of 7.3%
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