Housing starts drop 13 per cent in May

Canadian housing starts drop by 13.3% in May: CMHC. Reuters.. The seasonally adjusted annualized rate of housing starts fell to 202,337 units in May from a revised 233,410 units in April, the.

This was a 12 percent drop when compared with the same month in 2017.. in housing starts the start of an extended downtrend that may even.

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Privatelyowned housing starts in November were at a seasonally. This is 5.0 percent above the revised October rate of 1,265,000 and is 0.4. Single-family starts (blue) decreased in November, and were down 13% year-over-year.. at 10:03 AM NAR: "Pending Home Sales Bounce Back 1.1% in May".

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Canadian housing starts drop by 13.3% in May: CMHC.. The seasonally adjusted annualized rate of housing starts fell to 202,337 units in May from a revised 233,410 units in April, the Canadian.

The report on Wednesday from the Commerce Department also showed a decline in building permits, raising concerns that the housing market. accounted for about 13 percent of U.S. building permits in.

 · TORONTO, June 10 (Reuters) – Canadian housing starts fell in May compared with the previous month as groundbreaking tumbled by 18.5% on multiple unit urban homes, data from the national housing.

The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June’s. also declined 2.2 percent in June from the.

The number of new multi-residential projects rose by more than a third to 421, offsetting a seven per cent drop in single-detached. adjusted annual rate of housing starts slipped to 202,337 units.

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Starts. may drive prices lower, but are divided over whether a correction would spread to the broader residential housing market. The outsized drop in November building permits was offset slightly.

 · Construction of homes with five or more units fell 28% in April versus the month before, according to the report. That compares with a 5.1% drop in construction of one-unit homes.

The housing agency says the seasonally adjusted annual rate of housing starts slipped to 202,337 units in May, down 13.3 per cent from 233,410 units in April. Economists, on average, had expected an annual rate of 205,000, according to Thomson Reuters Eikon.

New Construction Starts in december decline 10 Percent; Annual Total for. 2018, which may dampen groundbreaking for multifamily housing and.. up 34 %; Florida, up 13%; New York, up 5%; and Pennsylvania, up 5%.