Housing starts drop 9.8%

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The numbers: Construction on new houses fell 4% in July to the second-lowest rate this year, but builders applied for more permits in a positive sign for the housing market. was to blame for the.

Single-family permits increased 1.8% to 838,000 and multifamily permits surged 25% to 453,000. “A drop in housing starts in July – and a downward revision for the weak June number – show that low.

Housing Starts; Under Construction;. Mortgage Applications Drop 9.8%. Jan 3 2019, 4:41AM. decreased 9.8 percent on a seasonally adjusted basis from two weeks earlier and was 46 percent lower.

Single-family housing starts in June were at a rate of 858,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.1 percent below the.

Economists polled by MarketWatch had expected housing starts to drop to a seasonally adjusted 1.24 million rate from a revised 1.27 million in the prior month. Permits to build more homes, meanwhile,

For the first time in seven years, Olmsted County will create a new waiting list for housing vouchers. that are active.”.

Mike Fratantoni, SVP and chief economist for the mortgage bankers association, analyzed the report. “The drop in housing starts in July was driven by a sharp 17% decline in multifamily starts -.

December’s percentage drop was the largest since November 2016. Economists polled by Reuters had forecast housing starts decreasing to a pace of 1.275 million units last month. Homebuilding increased.

Antero Nuutinen, Head of Housing at SRV, says his firm are preparing for a drop in construction levels. "Finland has built a.

There is a stable demand for new housing starts in Kelowna WASHINGTON, July 20 (UPI) — Privately owned housing starts dropped 5 percent in June, half the rate of decline registered a month ago, the U.S. Commerce Department said. The 549,000 starts in the.

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Housing starts unexpectedly dropped in October but the number of building permits accelerated. The latest report on housing starts from the Census showed that the pace of housing starts fell 2.8% in.

Julie Brewer, executive director of United Community Services of Johnson County, said data from the last 10 years shows a.

Senators craft extended mortgage relief for military Senate to Vote Next Week on New Mortgage Relief Bill I’m sitting here looking at an email I have received from the National Association of Consumer Bankruptcy Lawyers, of which I am a member. The Association has been pushing for legislation which would allow a bankruptcy court to order modifications in mortgage loans, something which would.

U.S. housing starts jumped 9.8% to a seasonally adjusted annual rate of 1.174 million units in June, lead by a 29.4% leap in multifamily production. Single-family starts edged down 0.9% for the.