Connect With PPD
Follow Us:
Sections: Economy

Housing Starts, Building Permits Fall Unexpectedly in January

Homebuilders and construction in the housing market. (PHOTO: REUTERS)

The Commerce Department reported Wednesday housing starts fell 3.8% to an annual rate of 1.099 million in January, missing estimates for 1.170 million. Building permits, indicate future activity, came in at 1.202 million. Economists polled by Reuters estimated 1.200 million.

In January, single-family housing starts, which is the largest segment of the market, fell 3.9% to a 731,000-unit pace.

Building permits dipped 0.2% to a 1.202 million-unit rate last month. Permits for the construction of single-family homes fell 1.6% last month. Multi-family building permits increased 2.1%.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.