US housing starts fall more than expected in February

Permits for future home building decreased 5.7 percent to a rate of 1.298 million units in February. While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing. Sales of both new and previously owned homes
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2018 has seen a serious cooling of the Canadian housing market so far, as national sales fell for two consecutive months in January and February. But according to one organization, things are unlikely to improve in the coming months. National sales activity is forecasted to decline another 7.1 per cent
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But disasters and taxes can complicate things. Mortgage News Daily points out that, “In 2007…Congress put a temporary policy in place to exclude forgiven home mortgage debt from any tax obligation. That exclusion has been extended several times… The National Association of Realtors (NAR) has
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Permits for future home building decreased 5.7 percent to a rate of 1.298 million units in February. U.S. financial markets were little moved by the data. While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be
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Long-term U.S. mortgage rates fell this week for the first time this year as the spring home buying season begins. The decline comes after nine straight weeks of increases that pushed borrowing costs higher. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate mortgages
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Top executives of public sector banks have agreed on several measures to tighten lending in the backdrop of the Rs 14,000 crore PNB scam. One of the main outcomes of a workshop attended by chief technology officers, chief risk officers and executive directors of public sector banks is that PSBs will
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WASHINGTON — Homebuilders broke ground on fewer apartment complexes in February, causing overall housing starts to fall 7 percent. The Commerce Department said Friday that housing starts last month were at a seasonally adjusted annual pace of 1.24 million, a decline that was anticipated after
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FILE- In this Feb. 16, 2018, file photo, building materials are stacked along home sites as construction is under way at a new housing plan in Zelienople, Pa. On Friday, March 16, 2018, the Commerce Department reports on U.S. home construction in February. (AP Photo/Keith Srakocic, File)
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Mortgage buyer Freddie Mac, formally known as the Federal Home Loan Mortgage Corp., said Thursday the average rate on 30-year fixed-rate mortgages slipped to 4.44 percent from 4.46 percent last week. The new average rate remains at a high level, however, raising concern that home sales could
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Meliá Hotels International SA. (BME:MEL) is trading with a trailing P/E of 21.5x, which is lower than the industry average of 41x. While this makes MEL appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. In this article, I will explain what the P/E
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It is the Swedish newspaper Dagens Nyheter which has posted a photo of Ingvar Kamprand's handwritten will where he says half of the fortune will go to his children, while the other half goes to the family's foundation aimed at supporting economic developments in the northernmost region of the country.
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JACKSONVILLE, FL (March 16, 2018) — Community First Credit Union, one of the largest credit unions in Florida, released its 2017 annual financial report at its 84th annual meeting held Thursday, March 15 at the credit union's headquarters in LaVilla. The annual report shows strong deposit and loan
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Credit Suisse entities made a fair amount of stock trades in the fourth quarter, including double-digit percentage changes in positions in General Electric (ticker: GE), Sprint (S), Sirius XM Holdings (SIRI) and International Business Machines ( IBM) and Alibaba Group Holding (BABA). The bank's overall
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“Mining” Bitcoin is a notoriously expensive business—recent calculations by the lighting company Elite Fixtures suggest that it costs a fortune to mine one Bitcoin in some countries, with the cost being as much as $26,170 in South Korea. Now analysts at Fundstrat have said that it's no longer particularly
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The Real Estate Software Market report additionally gives a top to bottom study of key players in the market which depends on the different targets of an association, for example, profiling, the item layout, the amount of generation, required crude material, and the budgetary strength of the association.
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The ruble slipped slightly on the latest U.S. sanctions, but wasn't the worst-hit among emerging markets currencies as the dollar gained across the board. The U.K., the U.S., France and Germany all have ratcheted up their rhetoric against Russia, saying in a joint statement that the attack on the Skripals
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Meredith Corp Chief Executive Stephen Lacy says they are exploring a number of additional changes to the (magazine) portfolio, including divestitures of brands and businesses that might perform better under a different owner. ― Reuters picNEW YORK, March 16 ― US media company Meredith Corp
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Eric LePage, a carpenter with Builders Bloc, works on one of the first houses to be built in a new development by McBride Homes called Cobblestone Crossing on Highway P in O'Fallon, Mo., on Tuesday, Feb. 6, 2018. Inside the house is carpenter Chuck Vander Bol. Photo by J.B. Forbes,
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I'll increase NPP's electoral fortune in Volta Region – NPP Organizer hopeful … NPP executives to effectively undertake party activities but “it would also contribute immensely in increasing membership drive, thereby boosting the NPP's electoral fortune in the Volta Region come election 2020,” he said.
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Walmart Inc. is in discussions to spend about $7 billion to become the largest investor in India's leading e-commerce company, according to people familiar with the matter, a move that would put the U.S. retailer in competition with Amazon.com Inc. in one of the most promising online retail markets.
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