Arab Today, arab today us housing starts fall sharply
Last Updated : GMT 21:35:45
Arab Today, arab today
Arab Today, arab today

US housing starts fall sharply

Arab Today, arab today

Arab Today, arab today US housing starts fall sharply

Washington - SPA

U.S. housing starts recorded their largest decline in nearly three years in January, reflecting severe winter weather in many parts of the country, but the third consecutive month of declines in building permits pointed to some underlying weakness in the housing market, the government said Wednesday. The Commerce Department reported that housing starts fell 16 percent to an annual rate of 880,000 units, the lowest level since September. The percentage drop was the biggest since February 2011. Housing starts fell 4.8 percent in December, also driven lower by unusually cold weather. Groundbreaking for single-family homes - the largest segment of the market - fell 15.9 percent to a 573,000-unit pace in January, the lowest level since August 2012. Starts for the volatile multi-family homes segment fell 16.3 percent to a 307,000-unit rate. Applications for homebuilding permits - a measure of future activity - fell 5.4 percent in January to a 937,000-unit pace. It was the third consecutive month of declines and the biggest drop since June. For all of 2013, housing starts rose 17.7 percent to 976,000 units, the best performance since 2007. Analysts expect further gains this year as stronger job growth increases housing demand. But, while frigid temperatures have been blamed for the sharp slowdown in U.S. hiring in December and January and a decline in manufacturing output last month, not all of the weakness in recent data can be attributed to the cold weather, amid evidence the economy already was losing some momentum towards the end of 2013.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us housing starts fall sharply Arab Today, arab today us housing starts fall sharply

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Egyptair and Etihad Airways sign partnership

GMT 21:08 2017 Wednesday ,01 March

Egyptair and Etihad Airways sign partnership
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN report confirms war crimes were committed

GMT 20:43 2017 Wednesday ,01 March

UN report confirms war crimes were committed
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday