Housing starts cooled in February after robust January

Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the Commerce Department reported Thursday. Single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.

Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce.

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Job creation at the company level cooled in February after a sizzling start to 2019 , ADP February payrolls up 183K, january payroll revised up to 300K. in around 0.3 percent, “so it's going to start showing up in the payrolls numbers.” The report comes amid robust job creation in an economy that was.

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.

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 fall more than expected, permits steady October starts, permits fall more than expected in latest sign of softening real estate market.. starts have held steady above 2 million for the seventh straight month, and are quite strong in.

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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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Housing starts fell 0.9% in May to 1,269 thousand after having jumped jumped 6.8% in April and 4.4% in March. Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which is the series shown above).

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 · U.S. Housing Starts Cooled in February After Robust January Mortgage rates remain historically low despite recent increases and consumer confidence. By Katia Dmitrieva |.