Home Recommended Explore Explore Videos Explore Livestreams Explore Images Explore Audio Explore Topics Explore Users Explore groups Topics Groups About Features & roadmap Airtime extension Membership & xp moderation Community guidelines Airtime a short history imprint Contact us changelog

@Mike Martins Channel

🔴US Housing market Heating Up . PERMITS UP🔴

U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.


Housing starts rose 3.2% to a seasonally adjusted annual rate of 1.365 million units last month, with single-family construction racing to a 10-month high and activity in the volatile multifamily sector increasing for a second straight month, the Commerce Department said on Tuesday.


Data for October was revised higher to show homebuilding rising to a pace of 1.323 million units, instead of advancing to a rate of 1.314 million units as previously reported.


Economists polled by Reuters had forecast housing starts increasing to a pace of 1.345 million units in November.


Housing starts jumped 13.6% on a year-on-year basis in November. Building permits increased 1.4% to a rate of 1.482 million units in November, the highest level since May 2007.

U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.


Housing starts rose 3.2% to a seasonally adjusted annual rate of 1.365 million units last month, with single-family construction racing to a 10-month high and activity in the volatile multifamily sector increasing for a second straight month, the Commerce Department said on Tuesday.


Data for October was revised higher to show homebuilding rising to a pace of 1.323 million units, instead of advancing to a rate of 1.314 million units as previously reported.


Economists polled by Reuters had forecast housing starts increasing to a pace of 1.345 million units in November.


Housing starts jumped 13.6% on a year-on-year basis in November. Building permits increased 1.4% to a rate of 1.482 million units in November, the highest level since May 2007.

Views:86
Likes:0
PostTime:1577400069740
Comment Count:0
Group Name:
Votes Count:1