US housing starts fell in March; still stronger than in 2016
19 April, 2017, 01:54 | Author: Paula Vaughn
New residential construction in the US pulled back sharply in the month of March, according to a report released by the Commerce Department on Tuesday, although the report also showed a rebound in building permits.
Starts of single-family homes were at a rate of about 821,000, a decrease of 6.2% compared with about 875,000 in February. Multifamily permits rose 13.8% to 437,000 units while single-family permits edged down 1.1% to 823,000.
Economists had forecast that starts fell 3% in March at a seasonally adjusted annual rate of 1.25 million, and that permits rose 2.8% at a rate of 1.25 million.
Kids Hunt For 10000 Easter Eggs At Hadley Park Meanwhile in Boomtown, this was the first year that Cabela's was open for Easter, so they wanted to do something special. Lindsey Pierce brought her three kids to the egg hunt because she also enjoys watching her children having a fun time.
IBD'S TAKE: Homebuilders have market leaders in 2017, with D.R. Horton breaking out Monday past a buy point of 34.15 ahead of earnings later this week.
The pullback in March comes after February set a strong annual rate at 1.303 million units, which received a boost from mild weather allowing more projects to get underway than in years past. Permits were up 17.0% from the March 2016 rate. This has been reflected in recent strength in the NAHB/Wells Fargo Housing Market Index, which hit a cycle-high in March before falling back slightly in April. Completions for units in buildings with five units or more came in at 374,000.
During the first three months of this year, construction of buildings with at least five units - mainly apartment complexes - has climbed 14.1 percent. "Homebuyers should rest assured that new home building will continue to relieve their supply constraint in the long-run". "Since this one-time event reduced the number of construction projects in the pipeline, we hope this will translate into more starts in the coming months". The estimate fell within the range expected by economists surveyed by Bloomberg. "The early start to the construction season should also provide a much-needed lift to Q1 GDP growth".
It will be Carrie Fisher's last appearance in the core " Star Wars " films that follow the saga of the Skywalker family. Of course, this means Episode VIII will address the most significant mystery surrounding the character: her parentage.
He will face frontrunner Ebrahim Raisi , who also registered on Friday, and is close to the Supreme Leader Ayatollah Khamenei. Many Iranians have grown impatient with the slow rate of improvement in their economic fortunes since sanctions were lifted.
Former star couple Ben Affleck and Jennifer Garner attended Easter Church service together after filing for divorce. It was a major reason why they struggled to finally make the move to file divorce, despite separating in June 2015.
When Congress returns from its recess next week, the president will face his next legislative battle and rewrite the tax code. His next tweet offers a clue: "Someone should look into who paid for the small organized rallies yesterday".
The West Texas Intermediate (WTI) benchmark for US crude futures was down 26 cents, or 0.5%, at $52.92 a barrel at 10:53 a.m. Before the weekend, gas prices rose an average of 12 cents in 19 days, nationwide; and 13 cents in 14 days, in Florida.
A police officer required treatment after someone threw either pepper spray or tear gas into the crowd, White told CNN . Close to 11 people were injured in the skirmishes and some of them were taken to hospital for treatment.
The sprawling development project, built in just over a year, includes Pyongyang's tallest apartments, at 70 stories. Foreign journalists visiting North Korea gather in Pyongyang for what is rumored to be "a big and important event ".
After almost two decades in South Atlanta's Turner Field, the Atlanta Braves played ball in their new home, Sun Trust Park. Murphy then hit an opposite-field double to left on his bobblehead day, and Harper came around to easily beat the throw.
HTC U will run the latest Android OS, namely the Nougat 7.1, and will have their own Sense Home UI featured on top of that. With it, you'll reportedly be able to squeeze the sides of the phone or swipe the left or right sides to launch apps.
Which is why in the latest Gallup poll, President Trump's approval ratings have seen a modest rise from 35 percent to 39 percent. That's down from 62 percent who believed he would when polled from February 1-5, two weeks after Trump's inauguration.
During the session, US Ambassador to the United Nations Nikki Haley defended the US's action and said it is prepared to do more. He had planned to travel to Russia Monday on a trip meant to start a fresh dialogue with Moscow.
Irving scores 37, Cavs hold on to beat Pacers 117-111
It should have been a rout - the kind you'd expect of the 2-seed over the 7-seed - especially since IN came so close IN Game 1. The problem isn't that the Indiana Pacers don't know what they need to do when the Cleveland Cavaliers trap Paul George .