Housing Starts Fall in August
New home starts fall
housing market
The Commerce Department said today that housing starts in August decreased the most since April, down 5.0 percent to a seasonally adjusted annual rate of 571,000 units. Plus, July’s starts were also revised down to a 601,000 unit pace, which was previously reported as a 604,000 unit rate.
New housing starts are now running less than one third of their rate during the housing boom. Read more 
Housing Starts Up – Housing Permits Down
Housing market
The Commerce Department reported housing starts rose 1.7 percent to a seasonally adjusted annual rate of 546,000 units. June’s housing starts were revised to show an 8.7 percent fall, which was previously reported as a 5 percent drop.
Housing Starts Drop to Lowest Level In Eight Months
housing market
U.S. housing Starts were down 5.8 percent from the same month last year, while permits decreased 2.3 percent.
Construction of single-family houses fell 0.7 percent to a 454,000 rate, a 13-month low, after the prior month’s 19 percent slump.
Work on multifamily homes, such as townhouses and apartment buildings, decreased 22 percent to an annual rate of 95,000.
New Housing Starts Fall For Second Month
New housing starts
The Commerce Department says housing starts dropped 5.0% to a seasonally adjusted annual rate of 549,000 units, the lowest level since October. It was the second straight month of decline in activity and was well below market expectations. Compared to June last year, starts were down 5.8%, the biggest decline since November. Driving the June decline was a more than 20% drop in the volatile condominium and apartment market. Construction of single-family homes, the biggest part of the market, was down slightly by 0.7%. Plus, May’s housing starts were previously reported as a 10.0% drop, but are now revised down to show a 14.9% decline. Read more
New Housing Falls to Five-Month Low
housing starts
In my post yesterday (San Diego California Home Prices Increase), I said how the true San Diego re-sale prices and market activity will not be reflected until July sales are reported in August. I also said how it looked like real estate activity was slowing after the government tax credits expired. Today’s housing starts data supports my idea of a slowing real estate market that seems ready for a double-dip.
New Home Starts Fall
new home starts
The Commerce Department reported this morning that housing starts fell about 5.9% to a seasonally adjusted annual rate of 575,000 in February. Zach Pandl, a Nomura Securities Economist wrote in a note to clients: “The decline in February likely reflected, at least in part, inclement heavy snow across much of the country. Although the February starts report was slightly better than expected, in our view, the construction recovery more broadly remains very disappointing, and yesterday’s decline in homebuilder sentiment suggests firms see little reason for optimism about the outlook.”
Sacramento California attorney