U.S. housing starts fell 11% in final month of 2018
Construction on new homes slowed dramatically in December, but a rebound in early 2019 seems to be in the cards.Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is coming soon.
Housing starts tumbled to an annual rate of 1.08 million in the final month of 2018 from a revised 1.21 million in November,That’s the lowest level since September 2016. Economists polled by MarketWatch has expected starts to total 1.23 million. Even though new construction hit a lull in December, permits to build additional houses edged up 0.3% to a 1.33 million annual pace. It appears builders will break new ground at a faster pace in early 2019.Construction was flat in the Northeast and fell sharply everywhere else in the country. The biggest decline occurred in multi-dwelling projects of two units or more.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
February housing market index beats expectationsA nice February read with regards to housing: Here's a look at the strongest housing market index numbers since October of 2018.
Weiterlesen »
Wall Street loves these 11 stocks right nowTipRanks, a website that tracks and ranks analyst recommendations, issued a list of stocks that got the most 'buy' ratings in the last week.
Weiterlesen »