U.S. homebuilding fell less than expected in February as a plunge in the constru...
WASHINGTON - U.S. homebuilding fell less than expected in February as a plunge in the construction of multi-family housing units was blunted by a surge in single-family projects, suggesting some strength in the housing sector before the coronavirus pandemic severely disrupted economic activity.
But that is all in the rear view mirror as the coronavirus upends life for Americans, leaving economists anticipating widespread job losses as well as a recession by the second quarter. The housing market has regained its footing as mortgage rates have declined after hitting a soft patch beginning the first quarter of 2018 through the second quarter of 2019.
Economists polled by Reuters had forecast housing starts falling to a pace of 1.500 million units in February. U.S. stocks were trading lower as growing signs of coronavirus damage to corporate America overshadowed a burst of optimism about sweeping official moves to protect the economy. The dollar rose against a basket of currencies. U.S. Treasury prices rose.A separate report on Wednesday from the Mortgage Bankers Association showed mortgage applications tumbled 8.4% last week from a week earlier as financial market conditions tightened, lifting mortgage rates back to their mid-February level.
Single-family homebuilding, which accounts for the largest share of the housing market, increased 6.7% to a rate of 1.072 million units in February, the highest level since June 2007. Single-family housing starts increased in the Northeast, Midwest and the populous South, but fell in the West.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US housing fell 1.5% in FebruaryU.S. housing starts fell in February for the second straight month as fallout from the coronavirus outbreak weighs on the housing market.
続きを読む »
Fashion shows and events canceled amid the coronavirus pandemic - Business InsiderItaly went under a complete nationwide lockdown in an attempt to curb the spread of coronavirus — and Milan, its fashion capital, is suffering.
続きを読む »
Social media gives a glimpse into #quarantinelife during coronavirus outbreak. Here are some best practices for working from homePeople are taking to social media to give a glimpse into their lifeathome amid coronavirus outbreak.
続きを読む »
Coronavirus has plunged the world into a recession, according to S&PThe coronavirus outbreak has plunged the world's economy into a global recession, according to S&P Global. The credit-rating agency says the virus has severely disrupted economic activity and the damage is about to get worse in the US and Europe.
続きを読む »
The Met Gala 2020 Has Been Postponed IndefinitelyThe 2020 Met Gala has been postponed indefinitely amidst the coronavirus outbreak.
続きを読む »