Housing starts decline to two-year low in December

 · The second straight monthly decline in homebuilding reported by the Commerce Department. U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.. with housing starts in the region.

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 · The number of new housing starts fell to a multi-year low across Canada. CMHC reported 188,683 starts across the country, down from 198,843 in August. September’s number is 13.83% lower than the same month last year.

The second straight monthly decline in homebuilding reported by the Commerce Department on Friday probably reflected in part massive flooding in the Midwest, with housing starts in the region.

 · The six-month moving average of the monthly seasonally adjusted annual rate of housing starts in Canada stood at 198,053 units in December compared with 200,105 in November.

The drop affected both single-family dwellings and apartment buildings. In the past 12 months, housing starts have fallen a total of 10.2%. Meanwhile, building permits edged up 0.3 per cent in December, with single-family permits down 2.2% from November and 5.5% from the previous year.

U.S. housing starts drop to more than two-year low.. The release of the December housing starts and building permits report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25.. It was the fourth straight monthly decline in single-family home building.

US Housing Starts: December, FY 201 long-awaited data tuesday showed the number of US homes being built in December 2018 plunged to the lowest level in more than two years, a possible sign that developers are anticipating fewer new houses to be sold this year.

Housing starts in December fell 11% to an annual rate of 1.08 million, a two-year low. It was the lowest level since September 2016. building permits rose 0.3% to an annual pace of 1.33 million. "The.

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. Housing Starts Decline to Two-Year Low in.

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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 near.. Housing starts sink 11% to two-year low in.