US housing decline, permits show sector weakness

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Washington - Unexpected declines in US new-home construction and building permits in April indicate the market is off to a weak start this quarter, government data showed on Tuesday.

Highlights of Housing Starts (April)  Residential starts fell 2.6% to 1.17 mln annualized rate (forecast was 1.26 mln), lowest since November, following revised 1.2 mln pace in the prior month Permits decreased 2.5% to 1.23 mln annualized pace (forecast was 1.27 million) from 1.26 mln The decline in starts was driven by a 9.2% drop in multifamily construction

Key takeaways

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.06
-0.0%
GBP/ZAR
19.75
+0.3%
EUR/ZAR
17.09
-0.1%
AUD/ZAR
11.04
-0.1%
JPY/ZAR
0.13
-0.2%
Gold
1,838.05
+0.4%
Silver
27.79
+1.2%
Palladium
2,939.00
+0.3%
Platinum
1,264.00
+0.6%
Brent Crude
68.28
+0.3%
Top 40
62,573
0.0%
All Share
68,520
0.0%
Resource 10
71,474
0.0%
Industrial 25
86,856
0.0%
Financial 15
12,711
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1388 votes
No, I did not.
52% - 3470 votes
My landlord refused
27% - 1842 votes
Vote