Housing starts cooled in February after robust January

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Housing Starts. Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,173,000. This is 12.3 percent (8.3 percent) below the revised May estimate of 1,337,000 and is 4.2 percent (10.2 percent)* below the June 2017 rate of 1,225,000.

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U.S. Housing Starts Cooled in February After Robust January By Tony Seruga U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed Friday.

Housing starts dropped 2.6 percent on a month-over-month basis in January to a seasonally adjusted annual rate of 1.246 million units, primarily due to a 10.2 percent plunge in the multifamily sector, the Commerce department reported thursday. Single-family starts, on the other hand, rose 1.9 percent month-over-month to 823,000 units.

Highlights of Housing Starts (February) Residential starts fell 7% to a 1.24m annualized rate (est. 1.29m) after 1.33m pace in prior month Single-family home starts rose 2.9%, second straight gain.

Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February. Meanwhile, other housing indicators, including starts and prices, have been cooling. New-home.

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 · Residential starts slumped 8.7 percent to a 1.16 million annualized rate, below estimates, after an upwardly revised gain the prior month, according to government figures Tuesday.