Housing starts cooled in February after robust January

Some rates are at their highest level since early 2016.. Even with the march decline, the rate of housing starts was up 14.2% from the. was cooler demand last month, but the site says that's typical for January. “Our initial readings on January affirm the po. More. New home construction shows signs of life in February.

The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number, single-family starts fell 17 percent to 805,000 units following an unusually high reading of 970,000 units in January.

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(Bloomberg) — U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. Residential starts slumped 8.7 percent to a 1.16 million annualized rate, below.

Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February. Meanwhile, other housing indicators, including starts and prices, have been cooling. New-home.

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Featured Chart for Monday, February 25, January Housing Starts WRAPUP 2-U.S. housing market mired in weakness; confidence rebounds – (Corrects the month for consumer confidence to February from January in paragraph 2.) * Housing starts decline 11.2 percent in December. showing a rebound in consumer confidence in February after.

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"After recent declines, the national trend in housing starts held steady in January and remained above historical average," said Bob Dugan, CMHC’s chief economist, in a release.

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Growth in US home prices continued to cool. slow” after sales of existing single-family homes peaked in February 2018. “Home sales drifted down over the last year except for a one-month pop in.