{"id":15305,"date":"2019-04-23T13:11:40","date_gmt":"2019-04-23T13:11:40","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15305"},"modified":"2019-04-23T13:11:42","modified_gmt":"2019-04-23T13:11:42","slug":"home-starts-fall-to-2-year-lows","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-starts-fall-to-2-year-lows\/","title":{"rendered":"Home Starts Fall to 2-Year Lows"},"content":{"rendered":"

Home Starts Fall to 2-Year Lows<\/h1>\n
\"Home<\/a>

Home Starts Fall to 2-Year Lows<\/p><\/div>\n

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Housing starts continued to underperform in March, despite calls from the housing industry to build more to help inventory-starved markets. Total housing starts fell to a seasonally adjusted annual rate of 1.14 million in March, the lowest since May 2017, the Commerce Department reports. Starts are 14.2 percent lower than a year ago. \u201cDespite signs of stabilization of confidence in the marketplace, housing affordability continues to be a concern as housing construction weakens into March,\u201d says Greg Ugalde, chairman of the National Association of Home Builders.<\/p>\n

Single-family housing starts in the early months of 2019 are off 5 percent from a year ago, the NAHB notes. \u201cSeveral factors are negatively affecting the housing market, including excessive regulations, a lack of buildable lots, and ongoing labor shortages,\u201d says NAHB Chief Economist Robert Dietz. \u201cRecent declines in mortgage rates should help support the market in future months, however.\u201d<\/p>\n

Regionally, combined single-family and multifamily housing starts dropped by 27.1 percent in the West, 14.2 percent in the Northeast, and 10.9 percent in the Midwest, the U.S. Commerce Department\u2019s data shows. The South was the only region to post an increase in new-home starts last month, increasing 1.5 percent month over month.<\/p>\n

Housing permits\u2014a sign of future production\u2014was also down in March, decreasing 1.7 percent. Permits were down by 16.9 percent in the West, 3.7 percent in the Midwest, and 0.4 percent in the South. Permits remained unchanged in the Northeast.<\/p>\n

But some housing economists are hopeful for a turnaround, given low mortgage rates and a stable job market. Analysts at Credit Suisse also noted in a homebuilding report last week that they believe March\u2019s shortfall could be partially blamed on bad weather and could have been a temporary blip. \u201cWe note March\u2019s slowdown is partially attributable to inclement weather including atypical rainfall, snow, and cold, which affected the majority of the country for half of the month,\u201d the analysts wrote. \u201cAs such, we remain cautiously optimistic on the strength of the overall selling season.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cHousing Starts Lurch to a Near 2-Year Low<\/a>,\u201d MarketWatch (April 19, 2019) and the National Association of Home Builders<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Home Starts Fall to 2-Year Lows Housing starts continued to underperform in March, despite calls from the housing industry to build more to help inventory-starved markets. Total housing starts fell to a seasonally adjusted annual rate of 1.14 million in March, the lowest since May 2017, the Commerce Department reports. Starts are 14.2 percent lower … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-15305","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHome Starts Fall to 2-Year Lows - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/home-starts-fall-to-2-year-lows\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Starts Fall to 2-Year Lows\",\"datePublished\":\"2019-04-23T13:11:40+00:00\",\"dateModified\":\"2019-04-23T13:11:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/\"},\"wordCount\":367,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/04232019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-starts-fall-to-2-year-lows\\\/\",\"name\":\"Home Starts Fall to 2-Year Lows - 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