WASHINGTON (Reuters) - Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover.
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Tue, 12/20/2011 - 7:35am
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BING NEWS:
- October Housing Permits, Starts Miss Estimates Amid High Rates, Bearish Trends
October housing permits and starts fall below estimates, signaling bearish construction trends as builders face high mortgage rates and cautious demand.
11/19/2024 - 6:18 am | View Link - New-home construction falls to three-month low as high rates and hurricanes impact builders
Construction of new U.S. homes fell 3.1% in October as builders pulled back on new projects. Housing starts fell to a 1.31 million annual pace from 1.35 million the previous month, the government said ...
11/19/2024 - 1:00 am | View Link - Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market.
11/11/2024 - 3:17 am | View Link - Ontario won't hit 1.5 million homes goal, housing starts shrink in fall economic statement
As Premier Doug Ford's government attempts to get 1.5 million homes built by 2031, its Ministry of Finance says projected housing starts for the next three years have gone down since the last budget.
11/1/2024 - 10:01 pm | View Link - ‘Should be truly red-faced’: Ontario housing starts fall, and they could drop again
The Fall Economic Statement shows the government is expecting housing starts to fall below expectation every single year until 2027, as home building grinds to a halt.
10/31/2024 - 11:12 am | View Link - More
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