Items Tagged with 'Ian Shepherdson'


  • Housing Starts Surge on Apartment Construction; Single Family Starts Hit 17-Year Low

    For a day, at least, market participants can bask in some good news on housing. Builders shifted their focus to multi-family housing starts in April, helping push total housing starts up an astounding 8.2 percent compared to a revised March total, the Commerce Department said Friday morning. Privately-owned housing starts registered a seasonally-adjusted annual rate of 1.032 million last month, up from a rate of 954,000 in March.
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  • New Home Sales Off 21 Percent from Year-Ago Levels

    In the lastest evidence yet of the extent of the housing slowdown, new home sales during August registered 21.2 percent below the pace set just one year ago, the Commerce Depermant estimated Thursday. New home sales were estimated at a seasonally-adjusted rate of 795,000, off 8.3 percent from July's estimated sales pace -- the slowest sales month recorded since June 2000. Click here for the sales report.
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