Housing starts at slowest since 1991
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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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US home builder sentiment slid in July to its lowest since January 1991 as fallout from the housing slump and subprime mortgage crisis caused a glut of new homes, the National Association of Home Builders said yesterday .
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Sales of new homes dropped to the slowest pace in over seven years, foreshadowing further economic trouble ahead.
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The decline in prices of existing  single-family homes accelerated in August and fell at their  fastest pace since 1991, according to the Standard &  Poor's/Case Shiller national home price index.
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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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U.S. housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.
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U.S. housing starts slowed by a larger-than-expected 6 percent in September after two months of gains, but permits granted to builders outpaced expectations, a government report showed on Tuesday.
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UK mortgage lending grew at the slowest rate since January 2002, the British Bankers&#39; Association said, as higher interest rates and falling house prices deterred potential buyers.
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The average price of existing US homes shows its first annual decline in more than 11 years, a report shows.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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Housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.
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The economy has slowed down. Gasoline prices hit new highs in early August. And the once-soaring housing sector is rapidly losing altitude, raising concerns it could drag the whole country into a recession.
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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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Average house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the Office of Federal Housing Enterprise Oversight said on Thursday.
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Sales of previously owned US homes fell to the lowest in almost five years in July, and unsold properties climbed to the highest since 1991 as turmoil in the mortgage markets rippled through the housing industry.
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Home construction rebounded in the United States in November after a big drop the month before, but permits for upcoming building fell to a nine-year low, suggesting weakness persists in the new-home market, government figures released today showed.
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In August, for the first time since 1995, housing prices slipped a bit from the previous August.