Housing starts slip in May, but permits up
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U.S. home construction fell last month for the first time since January, as builders struggled with a glut of unsold homes, but permits for future construction rose, offering mixed signals on the housing outlook.
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New dwelling construction has boomed over the past two years. However, residential investment is likely to slow down, as indicated by Statistics New Zealand&#39;s latest data, confirming an easing of the trend in dwelling consents.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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Home building projects started in  December fell by a sharper-than-expected 14.2 percent to their  lowest level in more than 16 years, while permits for future  building hit a 14-year low, a government report on Thursday  showed.
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U.S. housing starts unexpectedly  rose 0.6 percent in August to their highest level in five  months as low mortgage rates encouraged construction, but  permits fell more than anticipated, a government report showed  on Tuesday.
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WASHINGTON : Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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U.S. home foreclosures fell in June  after jumping to a 30-month peak in May, but default rates will  escalate as a horde of mortgages resets at higher loan rates,  real estate data firm RealtyTrac said on Thursday.
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WASHINGTON -- Sales of existing homes posted a tiny increase in October, the first gain in eight months, but the median price of homes sold last month fell by a record amount.
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Late summer brought no relief from soaring foreclosures. The number of homes in some stage of default jumped 36 percent month-over-month in August, according to a regular monthly survey.
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Business & money: Signs that four increases since August are starting to bite as housing market cools.
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Housing starts rebounded sharply in July, making up almost all the ground lost in a June slump by posting their largest monthly percentage gain since September 2002, a report from the Commerce Department on Tuesday showed.
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As U.S. home purchases slow, an  expected rise in demand for rentals will result in a spike in  inflation, analysts say, citing studies showing housing costs  have been under-reported by the government.
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WASHINGTON -- Growth in the manufacturing sector slowed in August while construction spending dropped sharply in July, indicating turmoil in the housing and financial markets could be spilling over to the broader economy.
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U.S. housing starts unexpectedly  rose 4.7 percent last month to a nearly 21-year high as  single-family housing starts shot up to a record, a Commerce  Department report showed on Wednesday.
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OTTAWA (CP) - Building intentions cooled in August after a hot June and July, says Statistics Canada. The value of building permits issued by municipalities in August fell by 4.6 per cent to $4.
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Pending sales of existing homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to reports on Tuesday that showed the economy struggling to keep moving forward.
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.