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Drop in housing starts shows industry may weigh on growth

Average mortgage rates come down to earth The average rate on 30-year fixed-rate mortgages has gone down to 4.07%, from last week’s 4.10%, reports mortgage giant Freddie Mac. The loans in the survey come with an average 0.5 point.People on the move: April 27

The Drift:  The Director's Cut Single family housing will be unchanged in dollar terms, alongside a modest 3% drop in housing starts to 815,000 (Dodge basis).

Housing starts. that shows the construction industry must still overcome hurdles before it can contribute more strongly to U.S. economic growth. Work began on 893,000 homes at an annualized rate,

Canadian housing starts unexpectedly surged in April, in another sign of recovery for the nation’s battered real estate market. builders started work on an annualized 235,460 units last month, the highest level in 10 months and up 23 per cent from 191,981 units in March, the Canada Mortgage and Housing Corp. reported Wednesday.

The US economy may continue growing steadily.. The household sector has provided an underpinning of steady growth for the US economy over. Housing starts at the current level of around 1.2 to 1.3 million may be the best we can get.. Policy uncertainty is therefore likely to continue to weigh on investment decisions.

New-home sales declined more than forecast in December Single-family home sales declined by 9.3% month over month, the most since August 2016, to 625,000 on an annualized pace, according to government data released on Thursday, Jan. 25. U.S. new-home sales fell more than forecast in December

Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts. Housing Market: Housing Starts & Home Sales

The drop in housing starts was the biggest in eight months and single-family starts were the lowest they’ve been in two years, according to Tendayi Kapfidze, LendingTree’s chief economist.

The coming week may tell whether the incessant plunge in global bond yields shows any signs of relenting. also release.

The resulting projections estimate housing starts to continue to grow at a slow rate over the next eight quarters, with the multivariate models predicting total housing starts in 2013 and 2014 of 650,000 and 680,000, respectively.

Rise in hurricane recovery times could strain mortgage servicers While the severity of Florence was reduced prior to Friday morning’s landfall, mortgage servicers are taking proactive steps in addressing the emergency situation.. Rise in hurricane recovery times could strain mortgage servicers

 · If the most recent downward trend continues, single-family starts and sales will likely post 2018 full year results that will be at best even with 2017 totals. The recent sharp drop in new home sales has finally begun to weigh on homebuilder sentiment. The NAHB/Wells Fargo Housing Market Index dropped sharply in November from 68 to 60.

While housing sales rose by an unexpectedly solid 10 percent, growth in new construction starts almost halved to 5.2 percent in May, according to Reuters calculations. Analysts expect the housing market to continue to slow, as the government remains wary of still-rising home prices and has maintained strict controls on home purchases and.