Housing starts post largest monthly decline since February

Total housing starts in the US declined in March, after a strong pace was recorded in February. Total starts were down almost 7 per cent, falling to a 1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD April 18. Single-family starts posted a monthly decline of 6 per cent in March, falling to an 821,000 annual rate.

 · The Chicago PMI released today collapsed to 44.4, the second lowest reading since 2009 and the sharpest monthly decline since the great financial crisis. The index of business conditions in the Chicago area has dropped 5 out of 7 months in 2019. New orders, employment, production and order backlogs all contracted.

California lawmakers and FHFA clash over Homeowner Bill of Rights The California Homeowner Bill of Rights shifted how foreclosure attorneys, banks and homeowners view the default process in the state.Now lawmakers in the neighboring state of. Nevada lawmakers.Todd Mobraten announces resignation from USRES, RES.NET The California-based real estate software application company RES.NET has announced functionality enhancements to. we believe empowers sellers and buyers,"" said Todd Mobraten, COO of US Real.

Housing starts fell 0.3 percent to a seasonally adjusted annual rate of 1.139 million units last month, the lowest level since May 2017. Data for February was revised down to show homebuilding.

week, but average purchase mortgage originations for the month of February posted the largest monthly decline in five years, which may constrain home sales in the near term. The Housing Vacancy Survey offered some good news in the owner-occupied sector. The homeownership rate rose in the fourth quarter of 2018 to the highest level since the.

Housing starts fell 0.3 percent to a seasonally adjusted annual rate of 1.139 million units last month, the lowest level since May 2017. Data for February was revised down to show homebuilding tumbling to a pace of 1.142 million units instead of the previously reported 1.162 million-unit rate.

U.S. Housing Starts Fall in March to Weakest Pace Since 2017; 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 plunging to levels last seen in early 2015.

Fewer people filing for unemployment The unemployment rate in North Carolina is at record lows. arguing that if employers had to help more, they would hire fewer people. The report says that to cut the number of people eligible for.

In the past 12 months, existing home sales are off 5.1%, which represents the largest annual decline since 2014. Median home prices have risen 3.8% to $255,400 in the past 12 months.

Philly Mayor Throws Support Behind City-wide Foreclosure Prevention Program Mayors throw support behind underage drinking initiative May 2, 2016 by Douglas Sughrue, Esq. On April 21, it was announced that 18 mayors across the state of Pennsylvania added their support to efforts that were being made by Mothers Against Drunk Driving to prevent drinking by underage individuals in the state.

US housing starts dropped 4.0 percent from a month earlier to a seasonally adjusted annual rate of 1,191 thousand units in July 2019, compared to market expectations of 1,257 thousand and following a revised 1.8 percent fall in June. That was the third consecutive month of decline in housing starts, likely disrupted by Tropical Storm Barry.