Housing starts fall 5.8%, disappointing analyst estimates

Housing starts fall off sharply in march. housing starts fell steeply in March, the U.S. Census Bureau reported on Tuesday, disappointing analysts who had hoped for gains to bolster diminishing inventories. The overall annualized pace of starts totaled 1,089,000, which was down 8.8 percent from the February estimate, but 14.2 percent ahead of.

Housing Starts Fall More Than Expected In February | The. – Analysts were looking for a mild pullback to a seasonally adjusted annual rate of 1.048 million units for last month. As it turns out, that was far too optimistic. The Census Bureau reports that housing starts slumped 17% last month to an annual pace of 897,000, the lowest in more than a year. Is the weakness a danger sign for the macro trend?

Housing starts were down 3.3 percent compared to February last year. "We saw broad-based weakness across the country with the biggest declines in the Northeast and Midwest, suggesting that harsh winter weather in these regions slowed new residential construction significantly," said Derek Lindsey, an analyst at BNP Paribas in New York.

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Shares of Netflix are down more than 8% ahead of the opening bell after the company issued disappointing guidance. Economic data remains light. Housing starts and building permits will cross the.

Andrew LePage, research analyst with CoreLogic, said in his report that heavy winter rains could have delayed sales at the start of the year. the biggest increase in California. It was 5.8 percent.

(Housing starts report updated with analyst commentary.) washington ( TheStreet) — Homebuilders began construction on 3.9% more homes in November, better than the expected growth rate, while.

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Housing starts fell unexpectedly last month. The Census report gives the details: Privately-owned housing starts in October were at a seasonally adjusted annual rate of 529,000. This is 10.6.

Both housing permits and housing starts recovered in March from very disappointing performances in February. The New Residential Construction Report, jointly issued by the U.S. Census Bureau and.

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