Permits rose in January, but the headline for the delayed residential construction report from the U.S. Census Bureau and the Department of Housing and Urban Development was the dynamite start to the New Year for housing starts and completion. Both made a strong comeback from their weak finish in 2018. Housing starts in January were at a seasonally adjusted annual rate of 1,230,000, an 18.6 percent increase from the revised (from 1,078,000) December estimate of 1,037,000. Even before the downward revision the December number represented a near 12 percent month-over-month decline. Starts are still running well behind those in January of 2018, down 7.8 percent. The January number is at the top of analysts' expectations. Those polled by Econoday were looking for starts in a range of 1,100,000
from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/3/8/3818
No comments:
Post a Comment