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
Housing Starts Fall – Housing Permits Rise
housing market
The Commerce Department reported today that housing starts fell 4 percent to a seasonally adjusted annual rate of 557,000 units. A number of analysts had expected housing starts to rise to 580,000 units. November’s housing starts were revised upwards to 580,000 units from the previously reported 574,000 units. It is thought the drop in housing starts was likely the result of unusually cold weather last month.
Starts for single-family homes fell 6.9 percent last month to an annual rate of 456,000 units after rising 4.0 percent in November. The multifamily housing segment rose 12.2 percent to a 101,000 unit annual pace, after surging 69.8 percent in November.
New building permits rose 10.9 percent to 653,000 units last month, the highest since October 2008. For the whole of 2009, permits dropped 36.9 percent.
Del Mar San Diego housing
New Home Construction Falls
The Census Bureau released the September data for new home construction
After falling in both July and August, housing starts and permits for new construction dropped again to multi-decade lows in September:
On a year-over-year basis, housing starts are now down 31.1 percent paced by a decline of 40.4 percent in the West and 32.5 percent in the South. Permits are down 38.4 percent from year ago levels, led by a decline of 44.4 percent in the West and 37 percent declines in the South and Midwest.
In some ways, less housing starts is "good" not "bad".
There is too much housing inventory in the market caused by over-building. Less building allows the over-supply to be reduced in order to reach a balance of supply and demand which will have the effect of stopping prices from declining.
So, I would say this 'bad' news is really 'good' news in the long term. san diego california real estate for sale