Housing starts cooled in February after robust January

Residential starts fell 7% in February to a 1.24 million annualized rate (the estimate had been for 1.29 million starts) after a 1.33 million pace in the prior month. Single-family home starts rose 2.9%, a second straight monthly gain, but multifamily starts fell 26.1% after a similar jump in January, according to government figures released on March 16.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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.

Housing starts in January were at a seasonally adjusted annual rate of 1.326 million, up 9.7% compared with 1.209 million in December and up from 1.236 million in January 2017, according to estimates released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development.. Most of the increase was attributable to starts of multifamily (five units or more per building) homes.

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NEW YORK (CNNMoney.com) – Unusually warm weather led to a spike in home building in January, but most experts still believe the real estate market will cool off later this year. Housing starts.

Austin-area builders started construction on 4,294 houses from January. starts figures "continue to show the strength of the market. "Other metros, nationally and regionally, are not having as.

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Rates, however, immediately ramped up steeply when the Fed doubled its roll-off rate in January (which was when I said the balance sheet unwind would start to. how people feel after they’ve already.