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Single-family building permits drop 5.2% compared to previous month.
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A change in New York City construction codes leads to total starts and permits increases, but single-family numbers are still decreasing.
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Overall May housing construction numbers also trend downward.
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Gloomy news from Fitch Housing Conference
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Multifamily provides boost to April construction activity.
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Pace of starts and permits falls below one-million mark in March.
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Overall housing activity down by nearly one-third compared to last year.
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Decreasing single-family starts and permits indicate that the housing market will continue to be sluggish as builders work off inventory.
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Housing starts for single-family homes took a bigger than expected dive in December -- 14.2 percent to a seasonally adjusted 1.006 million annual rate, to be exact, the Commerce Department said Thursday morning. The latest surge downward is the lowest point for groundbreaking in 16 years. The...
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Housing starts dropped in November, and permits for future construction slid to a 14-year low, according to a report released Tuesday by the Department of Commerce and the Department of Housing and Urban Development (HUD).
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Housing permits reached a new 14-year low in October as housing starts, enhanced by a surge in multi-family unit construction, made a modest jump according to a joint report from the Commerce Department and the U.S. Department of Housing and Urban Development (HUD) on Tuesday morning. Total permits...
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Construction continues to stall as housing starts dropped 10.2 percent in September, while building permit activity plummeted 7.3 percent, according to a joint report from the Commerce Department and the U.S. Department of Housing and Urban Development on Wednesday. The monthly report revealed that...
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Housing starts in August fell 2.6 percent to a seasonally adjusted annual rate of 1.331 million, the lowest mark since June 1995 according to data released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. The report also reveals that building permits...
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The U.S. economy, and all its fits, spurts, soaring highs, and sharply diving lows is the product of consumer-driven cycles, and not guided by business cycles as is commonly believed by economists, said Edward Leamer, director of the UCLA Anderson Forecast. Taking the stage at the Federal Reserve...
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Total housing starts in July fell 6.1 percent to a seasonally adjusted annual rate of 1.381 million, the lowest mark since January 1997, according to data released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Also reaching a ten-year low are...
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Despite widespread acknowledgment among economists that inventory is well above healthy levels and must be reduced, total housing starts increased in the final months of 2006, from 1.478 million in October to 1.643 million in December.
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Starts for homes fell 8.5 percent nationwide in June, dropping to a seasonally adjusted annual rate of 1.802 million units, the Census Bureau reported today. Single-family starts were off 9.5 percent from May's totals, dropping to a seasonally adjusted annual rate of 1.489 million units. The June...
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WASHINGTON, June 17, 2003 (Hanley-Wood News Service) - Housing starts increased 6.1 percent in May, as home building continued to be one of the few undisputed bright spots in the economy. New housing starts grew to a seasonally adjusted annual rate of 1.732 million units, the Commerce Department...
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WASHINGTON, May 16, 2003 (Hanley-Wood News Service) - Housing starts dropped sharply in April, down 6.8 percent from the previous month, the Commerce Dept. reported Friday. Some good news accompanied the fall in starts, however. Permits issued in April rose 1.2 percent to an annual rate of 1.708...
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WASHINGTON, April 16, 2003 (Hanley-Wood News Service) - Housing starts increased unexpectedly by 8.3 percent in March, buoyed by continued low interest rates, the government reported today. The good news for builders was tempered by a 7 percent drop in March permits, the biggest drop since March...