Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. New jobless claims fell by 20,000 last week to 192,000 following an unexpected spike in the previous week, ... READ MORE >
U.S. housing permits
Housing starts fell last year for the first time since 2009
The housing market continued to show little sign of reaching a bottom in December as housing starts and permits fell again to cap off the first year of decline since 2009. Housing starts dropped by 1.4% on an annualized month-ago basis, while building permits fell by 1.6%. For all of last year, housing ... READ MORE >
Housing starts and permits fall as the correction continues
Housing starts dropped for the third month in a row in November as the housing market continued to be in correction mode, the Commerce Department reported on Tuesday. There were 1.4 million residential starts on an annualized basis, falling short of the 1.7 million that we estimate are needed to meet ... READ MORE >
U.S. housing starts continue to fall amid rate hikes
New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market, the Census Bureau reported on Wednesday. There were 1.4 million housing starts on an annualized basis in September, significantly lower than the 1.7 million that we see as needed to ... READ MORE >
U.S. housing supply continues to fall amid rising mortgage rates
Housing starts and permits in the United States continued to fall in June amid higher interest rates and sharp declines in demand because of elevated housing prices, the Census Bureau reported on Tuesday. There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May ... READ MORE >
Chart of the day: U.S. housing starts and permits plunge
U.S. housing starts and permits plunged in May amid a steep rise in mortgage rates and sour builder sentiment. We expect new housing supply to fall further as mortgage rates continue to rise following the Federal Reserve’s 75 basis-point rate increase on Wednesday, its largest since 1994. Housing ... READ MORE >
Chart of the day: U.S. housing starts fall amid rising mortgage rates
Construction of new houses in the United States slowed in April as builders' sentiment soured on the spike in mortgage rates. Builders, expecting faster interest rate increases from the Federal Reverse to tackle inflation, are slowing down their plans for new supply. With demand cooling off, we should ... READ MORE >