Housing starts decline to two-year low in December

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The property search website Zoopla said UK homeowner confidence in the property market outlook had hit a two-year low in December, with a third expecting further price falls in the next six months,

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U.S. Housing Starts Decline to Two-Year Low in December Katia Dmitrieva , Bloomberg News (Bloomberg) — U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.

U.S. Housing Starts Plunge To Two-Year Low In December By RTTNews Staff Writer | Published: 2/26/2019 9:10 AM ET A government shutdown-delayed report released by the Commerce Department on Tuesday showed a much steeper than expected drop in U.S. housing starts in the month of December.

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Housing Starts Drop in December By Robert Dietz on February 26, 2019 (). With the delayed December data now published, the pace of single-family starts declined for the fourth consecutive month as housing affordability concerns weighed on the home construction market at the end of 2018.

This was the fastest pace of sales since before the financial crisis and is a clear sign that the housing market is gradually normalizing. The dark cloud to that silver lining is that the decline in ..

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Last Updated Thursday, December 28, 2017 3:37PM EST. Pace of Canadian housing starts picks up, six-month trend highest in years: CMHC. Housing market expected to slow next year, but prices still forecast to rise. the Bank of Canada prime rate, even if their lender plans to give them a lower rate.

Most recently, October housing starts dropped, and permits to begin new construction posted the largest monthly decline in six years. And in November, builders’ assessment of market conditions sank to.

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Mortgage rates inch up after five-week decline The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said. Long-term interest rates climbed during a period when the Federal Reserve Board was holding short-term rates within a narrow range, after it forced sharp across-the-board decline in. buyers don’t. Current Mortgage Rates Inch Up on Tuesday.

The decline brings housing starts to a two-year low, below expectations which were already negative after last week’s mostly negative existing home sales report. Today’s report did, however, show that permits rose 0.3%, possibly indicating a rise in future construction.