More Mixed Signals
While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts were at a 926,000 annualized rate while permits were at a 1.04 million annualized rate. Consensus estimates were for rates of 1.04 million and 1.08 million, respectively. The housing recovery continues to exhibit choppiness as it tries to gain traction towards a meaningful upward trend.
About author
You might also like
Single-Family Starts Strong in December
The seasonally adjusted annual pace of single-family starts came in at 728,000 units for December. This figure is the highest level since March 2008 and a positive sign for the,
Tight Mortgage Standards Hold Back Bottom End of Housing Market
In what is one of the primary themes running through the current housing market, tight credit standards continue to constrain lower-income buyers from purchasing homes. Compounding the impact of the
Conforming Loan Limits Continue to Impede Housing Recovery
The availability, or lack thereof, of mortgage financing has been one of the biggest factors impacting the pace of the housing market recovery. Loan limits on federally-backed mortgages have not
