U.S. housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history. Get the full story »
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Housing starts rise, building permits drop
Partially completed townhouses in Des Plaines, Ill., in March of 2010. (Tim Boyle/Bloomberg)
U.S. housing starts rose more than expected in January to their highest rate in four months but permits for future home construction dropped sharply after hefty gains the prior month, according to a government report on Wednesday that showed the housing market still bouncing along the bottom.
The Commerce Department said housing starts jumped 14.6 percent to a seasonally adjusted annual rate of 596,000 units, the highest since September. December’s starts were revised down to a 520,000-unit pace from the previously reported rate of 530,000 units. Get the full story »
Chicago existing home sales fall 25% in September
Sales of existing homes in the Chicago area dropped again in September, falling more than 20 percent in the Chicago area from a year ago and more than 25 percent within the city of Chicago, the Illinois Association of Realtors said Monday. Get the full story »
Housing starts jump to 5-month high
New home construction surged to a five-month high in September, but permits for future building fell to their lowest level in more than a year, the government said Tuesday. Get the full story »
Housing starts rise 10.5% in August
Home construction increased last month and applications for building permits also grew. But the gains were driven mainly by apartment and condominium construction, not the much larger single-family homes sector. Get the full story »
U.S. housing starts up in July
U.S. housing starts rose but to a much weaker rate than expected in July, while permits for future home construction fell to their lowest level in more than a year, according to a government report on Tuesday that pointed to a weak housing market.
The Commerce Department said housing starts rose 1.7 percent to a seasonally adjusted annual rate of 546,000 units. June’s housing starts were revised to show an 8.7 percent fall, which was previously reported as a 5 percent drop. Get the full story »
