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...

79f36149 e9b5 4674 be6c 779eda2490d8 46758101 953d 406c 84f9 6707e7cf0cde 3bd585f7 443d 4d97 9331 c528de9d4d02 d7bb8824 f8ff 4b87 a034 b5c854179511 01c82918 cfac 45fb b44a 18e6b7e3e316 b63b6714 647f 44ab b2c6 4e7aa137e371 44b53aa9 3ad6 4241 8f37 2f516f10077e 37586329 f95b 4009 9673 c7fe530a2aae 25ab6ba8 4269 47f5 b0ac ce6a8a4f1aa0 fba42ba8 6ed2 454e 836c 07b7bdfc5121 e33023ac 68ed 4597 a716 f5ed8a1736c5 2afd5a04 0d86 4f67 b8d2 e4cf6147ed82 45a13333 2b89 4c8d 81bd 5617d167e9c1 d23d6240 53d2 4c9e b99a e12d280fb55a 032d5ada 1971 4ee0 93da a82a19879108 c3a3675e 9703 4bf9 b956 61566302cb12 6c4b187b 711f 42f1 9fce bffe0517cb82 abff36ab 9e80 4fca 8d4c 39c2dcd3b7d1 90303368 dc31 4d97 8a8d 2adc5cf76e16 2f9504ed 474c 4fe4 9a17 e4f2bd708e51 ec9680f8 35e6 46b1 96d2 8167db0cf772 71c1b300 539f 4c98 9b68 df3c7c671da0 604fe8e5 b894 461f 84bc 4a3a645b3039