Arab Today, arab today us housing starts plunge in february
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

US housing starts plunge in February

Arab Today, arab today

Arab Today, arab today US housing starts plunge in February

US housing starts plummeted 17%
Washington - AFP

New construction of homes in the united States plunged in February as severe winter weather gripped large parts of the country, according to Commerce Department data published Tuesday.
Housing starts plummeted 17 percent from January to an annual rate of 897,000 units. Starts in single-family homes, which account for two-thirds of the market, dropped 14.9 percent.
In the heavily populated Northeast, pummelled by unusually frigid weather and snowstorms, housing starts dived 56.5 percent, a monthly record, the department said.
Building permits, an indicator of future construction activity, rose 3.0 percent to an annual rate of 1,092,00. But the gain was due to a jump in permits in the volatile multi-family housing sector, while permits for single-family housing fell 6.2 percent.
Compared with a year ago, February housing starts were down 3.3 percent and building permits were up 7.7 percent.
The housing market has remained sluggish despite solid jobs growth and low mortgage interest rates amid stagnant incomes and tight lending limits imposed after the 2006-2007 market crash.
"The underlying trend in housing construction is more or less flat, we think, and we see no reason for that to change in the near-term, regardless of the month-to-month noise," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

 

arabstoday
arabstoday

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 plunge in february Arab Today, arab today us housing starts plunge in february

 



Arab Today, arab today

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 plunge in february Arab Today, arab today us housing starts plunge in february

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
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