Housing Starts at 16-Year Low
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The drop-off is likely to hurt businesses that serve the housing industry, which economists donât expect to bottom out until the middle of the year.
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Sentiment among U.S. home builders slid in June to the lowest level in more than 16 years as tighter lender practices and rising mortgage rates crimped sales, the National Association of Home Builders said on Monday.
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Report says 90% of arrivals in last two years are in bottom end of private rented sector
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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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The Land Registry confirms the housing market slowed down in the last quarter of 2004.
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About one-third of the nation's cities have less affordable housing than they had a year ago, according to a survey released Thursday.
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Housing starts nationwide sank to a 14-year low last month as concern grew about the effects the faltering industry could have on the U.S. economy.
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WASHINGTON -- Sales of previously owned homes in the United States fell in May to the lowest level in almost four years, reinforcing concerns about a protracted housing slump.
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In once-booming areas, now hard hit by housing crisis, stimulus plan could be too little, too late.
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Living in the least sprawling areas, compared with living in the most, is likely to add 4 years to life span.
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The median price of a single-family home declined 1.8 percent to $217,800, the first annual decline since reliable records began in 1968.
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Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government data released Thursday that points to a deepening housing crisis and heightened risk of recession.
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Home building projects started in  November fell by 3.7 percent as the pace of single-family home  construction was the slowest in more than 16 years, a  government report on Tuesday showed.
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Burdensome state and local  regulations hurt efforts to build housing that is affordable  for low- and middle-income people, and the problem has only  worsened over the past decade, a U.S. government report said on  Monday.
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Home construction starts fell 2.6 percent in August to their lowest level in more than 12 years while building permit activity, a sign of future construction plans, also dropped to a low not seen since mid-1995, a government report on Wednesday showed.
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Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
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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.