Housing Starts Take a Dive
Housing starts fell further 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. According to the analysis, housing starts fell 8.7% in February 2019 to a seasonally adjusted annual rate of 1.16 million units.
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Housing Starts Take a November Nose Dive Posted by John Greene on December 22, 2016 Tweet
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Housing Starts Take a Nose-Dive After Months of Promising Development. Activity in the Residential New Construction arena has been disappointing of late. With residential resale inventory down and rental prices up, the real estate industry relies heavily on new construction to fill housing gaps.
According to the Dallas Morning News, recent data from Residential Strategies Inc. shows that housing starts in the dallas-ft. worth area dropped 4.4% for the first quarter of this year as.
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The Census Department New Residential Construction Report shows housing starts fell 8.7% in february 2019.. housing starts. privatelyowned housing starts in February were at a seasonally adjusted annual rate of 1,162,000. This is 8.7 percent below the revised January estimate of 1,273,000 and is 9.9 percent below the February 2018 rate of 1,290,000.
Once reaching a peak of 2,273,000 in January 2006, housing starts exhibited a decrease of 11.00% from the September 2015 annualized rate of 1,191,000, and an decrease of 5.02% from the August 2015.
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