Housing starts up but permits post lowest growth since mid-2011

For the 2nd month in a row, Building Permits dropped and missed expectations. The 1.9% MoM drop in December was a notable miss against expectations of a 0.6% rise and left YoY Permits at a mere +1.0% – hovering at the weakest growth since mid 2011. The long-heralded savior of permits – multi-family – tumbled to their lowest since June; with overall permits lower in all regions aside from the.

New housing construction data are collected in two surveys: The Building permits survey (bps) produces estimates of the number of permits issued for new housing units each month. This is done through a mail survey of a sample of permit offices. Permit offices not in the monthly sample report annual numbers at the end of each year.

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That was the second straight monthly decline and left permits at their lowest level since May 2017. Economists polled by Reuters had forecast housing starts declining to a pace of 1.220 million.

Building permits dropped for the second month in a row, down 1.9% in December and missing expectations of a 0.6% rise, and posting a year-over-year rise of just 1%, the weakest growth since mid-2011.

US housing starts approach two-year low; permits weak The Frontier Post / April 20, 2019 WASHINGTON (Reuters): US homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates.

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February building permits and housing. for example, is up 130% since August 2011. (Click to enlarge) Building permits naturally lead starts by a few months, and they reached a new post-recession.

This has shot up. starts, permits and completions dropped 4.8%, 4.1% and 6.2%, respectively, in July. New U.S. single-family home sales also unexpectedly fell 9.4% in July, the lowest level since.

Starts fell as single-family home construction in the South tumbled, but a surge in building permits suggested the market remained on solid ground. US housing starts fall to 7-month low, permits.

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 · The housing starts rate was the slowest pace since November 2004, and comes amid a number of signs of a slowdown in the strength of home building and real estate market strength overall.