Home Starts Improve, but There's a Catch

Home / Blog / Home Starts Improve, but There's a Catch

Posted To: MND NewsWire

Both permits and starts were expected to pick up in August, at least holding on to their slight gains in July. Housing starts did deliver, posting a strong increase, but permits, a leading indicator, were down sharply. The U.S. Census Bureau and Department of Housing and Urban Development report that permits fell by 5.7 percent in August to a seasonally adjusted annual rate of 1,229,000 compared to the July rate of 1,303,000. The July number was a downward revision from the 1,311,000 units originally reported. This knocks the rate of permitting below the August 2017 level of 1,300,000 units by 5.5 percent. Analysts polled by Econoday were looking for permitting to come in at a consensus rate of 1,315,000 units with a range of 1,260,000 to 1,323,000. Permits for single family houses were reported...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

6a1834e4 45cf 4696 ade1 bd8f84009efb 98bd9fc2 7a69 4878 a264 2de4f8926448 07456e97 6046 408f a5b8 8b146072b5ec 6b73bca1 c4b3 4472 9f6a 27bacbc8fb1c 36820fa0 2202 49ef 8fa1 f669344c7cab 418e8fcf 6438 4e04 a3f1 d3f058315ecd 111c8300 be06 434b b4e9 1ec6b64054ba 87a466f1 a27f 4dc4 974e 94ebf25bce80 62d7611a cbec 4982 82b1 052276e299b6 22d30fbd 7536 4a41 ba3b 90a098a3b678 159def16 0a59 489b a912 2154ebcafec6 7b469744 a50c 42d5 be19 8e62479d6b60 0c27223e ccbc 4044 86d7 4a1b4944d39f 264387ef 011c 48cf a488 a68dee1e1b2c 2d73360e 6e81 4c54 b8bb a0821ca3fc2a 1375849d f875 4495 ba0a 4b8f1d707194 0a63b794 35ba 4ecf 9738 c122f7ecdf72 97c8848c 6467 46db bf2e df44316cbb61 e9e5fcda 228f 4759 9c76 58445f02f786 0b6b4fea 681d 47ef 9194 f470239a10e9 59dd8003 5ee6 47ae 94e4 2e493b16f461 9487a6c7 523c 4802 9269 53b2a2c32524 197a8b7a d64c 48b4 a984 6f5d7de0f04d