Housing starts reach highest level in more than a year

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Mortgage applications drop for second consecutive week

Housing starts rise to highest level in 4 years. U.S. housing starts in October were up 3.6 percent from September and 41.9 percent from October a year ago to reach heights they haven’t seen.

According to a report by the Fraser Institute, the City of Vancouver has the longest building permit approval times in the Lower Mainland, with an average of 21 months. Vancouver-area housing starts jumped dramatically in February, reaching the highest monthly levels in more than two decades, according to Canada’s national housing agency.

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There were 125,000 housing permits filed in May 2018, the highest number of permits since June 2017 and the second-highest since June 2015. Compared with one year ago, housing permits increased 10.6 percent, which was the third time in five months that the month-over-month rate of growth was faster than 10 percent.

(Bloomberg) — Canadian housing starts surged to the highest level in more than a year in June, led by construction of.

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Mortgage refinance booms are a thing of the past: MBA chief economist First-quarter mortgage revenue dip flags a 2019 challenge for Equifax Churn is also holding up nicely, so this dip in conversions may be more of a red herring than a red flag. Still, it will bear watching. XM will raise its guidance in three months if the first.Refinances plummeted after 2016 as interest rates rose, and were down 39.8% in the fourth quarter of 2018, according to the Mortgage Bankers Association. The MBA reported improvement. said Mike.

NAR forecast: Housing starts on pace to reach 1.27M in 2017. mid-year forecast projects that housing starts will reach 1.27 million this year, an 8.4% bump, and new single-family sales also.

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US housing starts surged to an (almost) 11-year high in May thanks to gains in both single-family and multi-family home construction driven by the Midwest region. However, the risk of escalating trade wars has recently spooked Wall Street as well as the housing sector.

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U.S. new-home construction rose in January to the highest level since October 2016, helped by a surge in apartment building, as momentum in the housing market continues into 2018, government figures showed Friday. Residential starts rose 9.7% to a 1.33 mln annualized rate (est. 1.23 mln) after revised 1.21 mln pace in prior month.