"The details are better than the headlines because all the decline in both starts and permits is in the volatile multi-family sector, where activity was very elevated in March and has now corrected", said Ian Shepherdson of Pantheon Macroeconomics. Permits, a proxy for future construction of all types of homes, fell 1.8% to a 1.35 million rate (matching the estimate).
Homebuilding jumped 17.2 percent in the South, the lone region to see an increase - but plunged almost 30 percent in the Midwest, where single-family construction fell faster than apartments. However, they were 7.7 percent above the rate during the same period previous year. Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,287,000, a 3.7 percent drop from the revised March estimate of 1,336,000 but a 10.5 percent spike from the April 2017 rate of 1,165,000.
A hoped-for spring surge in homebuilding to relieve a worsening national housing shortage didn't materialize in April, U.S. Census Bureau data suggests.
The report showed 163,000 homes were authorized for construction in April but not yet started, up 14% from 143,000 a year ago and indicating a steady pace of homebuilding in coming months.
We saw 894,000 single-family housing starts in April, a slight step up from an upwardly revised March figure.
The Red Hydrogen One will debut on Verizon and AT&T
Camera company RED's first smartphone packs a unique holographic display , and now, AT&T has announced that it'll stock the phone. Another detail missing from the carriers' announcements is how much you can expect to pay for the Hydrogen One.
"However, builders must manage supply-side hurdles, such as ongoing building material price increases and shortages of land and labor, to meet growing housing demand", Dietz adds.
The Trump administration in April past year imposed anti-subsidy duties on imports of Canadian softwood lumber.
Starts of multifamily homes (five units or more per building) were at a rate of about 374,000, a decrease of 12.6% compared with 428,000 in March but an increase of 19.1% compared with April 2017. Single-family permits ticked up 0.9 percent to 859,000 while multifamily permits fell 6.3 percent to 493,000 after a 20.4 percent jump in March.
Housing economists have more closely watched trends in single-family building, which has seen below-average building for several years. Single-family units under construction increased 1.0 percent to the highest level since June 2008.
Officially, nearly nothing has been said about the game, except that it's out on October 12 for Xbox One , PlayStation 4, and PC. For most Call of Duty games, only an average of 20 to 30 percent of players actually completed the campaign.
Webster Bank increased Blackrock Fund Advisors (AGG) stake by 4,095 shares to 105,679 valued at $11.55 million in 2017Q4. It can be extremely hard to decide when to sell, especially when data seems positive and most signs are pointing higher.
This month's rankings were revealed on Thursday, with virtually no global action having taken place over the last four weeks. Russian Federation selected 11 host cities to be the venues for the matches of the 2018 World Cup and they are Moscow, St.
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Many investors will be tracking shares that are trading near important levels such as the 52-week high and 52-week low.
Amid US sanctions looming on Iran , India's oil import has increased to 640,000 barrels per day (bpd) from Iran . Logic should dictate that OPEC would produce more oil to rake in the money while prices are high.
But ministers refused to make them compulsory, instead making them a voluntary and last-resort option for local authorities. The Commission also warned Germany, Italy, Luxembourg and Britain for disregarding auto approval rules.
It also means you can immediately fix connectivity problems, and won't have to learn the hard way that your devices need to move. Google says the Network Check update will be "available in the coming weeks to all Google Wifi users around the world".
Besides, the company has also reported that its recently launched GTA V Premium Online Edition has performed above expectations. As we told you before , it is a version that includes the base game, as well as several bonuses for Grand Theft Auto Online .
MarCO-B - nicknamed Wall-E by spacecraft engineers at NASA's Jet Propulsion Laboratory - acquired this image on May 9, 2018. The image helped mission engineers confirm that the spacecraft's high-gain antenna had unfolded properly.
Browns Featured On 'Hard Knocks' In 2018
Last year, the show centered around the Tampa Bay Buccaneers , including former OU defensive lineman Gerald McCoy . But the plot of Cleveland trying to turn things around was too good for NFL Films and HBO to ignore.
The Lizards With Lime-Green Blood
The researchers figured that the greens in these lizards does not arise as a single cluster but are scattered among reds. This sample came from the green-blooded lizard Prasinohaema prehensicauda , which lives in the highlands of New Guinea.
Italian party asks for more time to form govt.
The League has promised a tougher line on migrants arriving from Africa and denounced Avramopoulos's comments. Immigration Commissioner said he hoped that Italy would not "change the line on migration policy".