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Tuesday 26th of October 2010

News Tag: building permits

October 20, 2010

US housing starts rise, building permits down

by Kay Murchie
US housing starts rise, building permits down
The Commerce Department has revealed a rise in US housing starts for the month of September, but building permits fell, giving mixed signals for the property market. According to the Commerce Department, construction of new US homes rose 0.3% last month to a seasonally adjusted annual rate of 610,000 units – the highest level since April and ahead of expectations of ...



August 17, 2010

US housing starts up, building permits down

by Kay Murchie
US housing starts up, building permits down
The Commerce Department has today revealed US housing starts recovered in July but building permits fell. According to the Commerce Department, construction of new US homes rose 1.7% to a seasonally adjusted annual rate of 546,000 properties – however, the figure was less than economists had expected. In the meantime, applications for building permits, a barometer of future home construction, fell by ...



July 20, 2010

US housing starts fall, building permits up

by Kay Murchie
US housing starts fall, building permits up
The Commerce Department has today revealed US housing starts plummeted in June - far more than expected, raising fears for the already fragile housing market. According to the Commerce Department, construction of new US homes fell 5% in the month to a seasonally adjusted annual rate of 549,000 properties – the lowest since October 2009 and represented the second consecutively monthly ...



May 18, 2010

US housing starts surge, building permits fall

by Kay Murchie
US housing starts surge, building permits fall
The Commerce Department has today revealed US housing starts soared in April, boosted by the expiration of a Government tax credit, which ended last month. According to the Commerce Department, construction of new US homes rose 5.8% in the month to a seasonally adjusted annual rate of 672,000 properties - the highest since October 2008. Furthermore, the figure was 40.9% higher than ...



March 16, 2010

Fed leaves interest rates unchanged

by Kay Murchie
’Fed
The Federal Reserve has today elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. After the one day meeting, the Federal Open Market Committee (FOMC) voted 9-1 to keep rates unchanged. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously ...



US housing starts and building permits fall in Feb

by Kay Murchie
US housing starts and building permits fall in Feb
The Commerce Department has today revealed US housing starts fell during the month of February, while building permits were also down. Both declines were attributed to the severe wintry weather that gripped parts of the US during the month. According to the Commerce Department, construction of new US homes fell 5.9% during the month to a seasonally adjusted ...



February 17, 2010

US housing starts and industrial production rise

by Kay Murchie
US housing starts and industrial production rise
The Commerce Department has today revealed US housing starts increased for the month of January but building permits were down. According to the Commerce Department, construction of new US homes rose 2.8% during the month to a seasonally adjusted annual rate of 591,000 properties. While this represented the highest level in six months, the figures are still far below the ...



January 21, 2010

US housing starts fall, producer prices up

by Kay Murchie
”US
The Commerce Department has revealed a fall in housing starts for the month of December but building permits rose. According to the Commerce Department, construction of new US homes fell 4% during the month to a seasonally adjusted annual rate of 557,000 properties. The fall was primarily due to bad weather which hit most of the country. Meanwhile, applications for ...



December 16, 2009

US housing starts and producer prices up

by Kay Murchie
US housing starts and producer prices up
The US economy received a boost today after the Commerce Department revealed a rise in housing starts for the month of October, recovering from the slump in September. According to the Commerce Department, construction of new US homes surged 8.9% during the month to a seasonally adjusted annual rate of 574,000 properties. The figure was in line with market expectations and suggests ...



November 19, 2009

US housing starts see unexpected fall in October

by Kay Murchie
US housing starts see unexpected fall in October
According to the Commerce Department, construction of new US homes plunged 10.6% in October to an annual rate of 529,000 properties - the lowest level since April. Analysts had expected the rate to exceed the 600,000 mark. The decline in construction was led by a fall in demand for both single-family and multi-family occupancies. Meanwhile, applications for building permits, a barometer ...



August 18, 2009

US housing starts post surprise fall in July

by Kay Murchie
US housing starts post surprise fall in July
The Commerce Department has revealed a fall in US housing starts for the month of July ending three months of gains. According to the Commerce Department, construction of new US homes fell 1% in the month to an annual rate of 581,000 properties. However, there was a fifth straight monthly rise in single family home starts, increasing 1.7% compared with the ...



July 17, 2009

US housing starts rise to 7-month high

by Kay Murchie
US housing starts rise to 7-month high
The Commerce Department has today revealed that US housing starts and permits rose higher than expected in June. According to official figures, new housing starts rose 3.6% to 582,000 units - the highest level in seven months. This is the second month in a row that housing starts have risen following record lows in April. However, the Commerce Department did point ...



May 19, 2009

New US house construction falls to record low

by Kay Murchie
New US house construction falls to record low
The US Commerce Department has today revealed that new US housebuilding fell to a record low in April, sending shares down following yesterday‘s rebound. According to official figures, new housing starts fell 12.8% to an annual rate of 458,000 units - the lowest level since records began fifty years ago. On an annual basis, housing starts are down 54.2% as builders ...



February 18, 2009

US housing starts fall to record low

by Kay Murchie
”US
The US Commerce Department has revealed that US housing starts fell by 16.8% last month - the lowest level since the Commerce Department started collecting data in 1959. The construction of new houses and apartments fell to an annual rate of 466,000 units in January, much less than the forecasted rate of 530,000 by analysts. Ian Shepherdson, chief US economist at ...



August 19, 2008

US housing starts at 17-year low

by Kay Murchie
US housing starts at 17-year low
Official figures show that the number of homes and apartments being constructed in the US plummeted to the lowest level since March 1991. According to the Commerce Department, the 11% fall to an annual rate of 965,000, the lowest level for over 17 years, followed a 1.084 million rate the previous month. In addition, building permits, an indication of future construction, also ...