January housing starts down 14.3 percent
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The pace of U.S. home construction fell 14.3 percent in January, the sharpest drop since October that bucked two months of increases and that was much worse than economists had expected, a government report on Friday showed.
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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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Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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OTTAWA (CP) - Housing starts fell in September to a seasonally adusted annual rate of 231,000 units from 241,100 in August, Canada Mortgage and Housing Corp.
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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 building rose, offering mixed signals on the housing outlook.
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Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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House prices across the nation declined by 3.2 percent in the second quarter from a year earlier, suggesting the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.
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WASHINGTON (CBS.MW) -- US homebuilders slowed their pace of new construction in September, with housing starts coming in 6 percent lower to put the seasonally adjusted, annual rate at 1.898 million units, the Commerce Department said Tuesday.
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Sales of new U.S. homes fell 16.6 percent in January and prices were little changed as the number of new homes on the market decreased slightly, according to a government report on Wednesday showing some weakness in the unsteady housing sector.
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A jump in starts on single-family  housing pushed total U.S. housing starts to a nearly 21-year  high in January, but home mortgage applications dipped last  week, according to data reported on Wednesday.
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Mortgage lending has declined by a quarter since last year, according to new figures, providing further evidence of a slowdown in the housing market.
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Housing starts fell to their lowest level in 12 years last month, while permits for new construction also declined, pointing to a further weakening of an already battered housing market.
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Business & money: Housing market slows as mortgage approvals fall.
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WASHINGTON -- Housing construction plunged in August, falling to the lowest level in more than three years as the industry showed further signs of a dramatic slowdown.
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UK house price growth stalled in January, slowing the annual rate of increase, mortgage lender the Halifax says.
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Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
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Home builders slammed on the brakes in August as starts on new homes sank to their lowest level in more than three years, and a drop in permits signaled more weakness ahead for the real estate market.