But perhaps more telling, permitting activity to start construction, which is a forward-looking metric, dropped 6.1 percent to an annualized rate of 1.220 million units in June, which is down 6.6 percent on a year-over-year basis and a two-year low.
The report from the Commerce Department on Wednesday also showed housing completions at a six-month low and a modest increase in the number of homes under construction, indicating that an inventory squeeze that has haunted the market could persist for a while.
Housing starts decreased 0.9% to a seasonally adjusted annual rate of 1.253 million units last month as a rebound in the construction of single-family housing units was overshadowed by a plunge in multi-family homebuilding, the government said.
"The monthly pick up from May to June in single-family starts is in line with the slight rise in our latest builder confidence survey, as demand remains solid due to a healthy job market", said NAHB Chairman Greg Ugalde, a CT home builder and developer.
VIDÉO - New York : Manhattan plongé dans le noir après une panne d'électricité
Plusieurs théâtres du quartier de Broadway n'ont pas ouvert leurs portes aux spectateurs, qui patientaient ainsi dans la rue. Peu avant 19h samedi, une coupure de courant a touché l'Ouest de Manhattan, soit plus de 73 000 habitants.
Housing completions were at a rate of 1.161 million, a decrease of 4.8% compared with 1.220 million the previous month and down 3.7% compared with a rate of 1.205 million a year earlier. Permits have been weak this 12 months, with a lot of the decline concentrated within the single-family housing phase. "With the new design contracts score reaching a 33-month low and the project inquiries score hitting a 10-year low, work in the pipeline may start to get worked off, despite current robust backlogs".
"These prints are in line with our view of a slowing housing market that is likely to continue on a downward trajectory for the rest of this year, but with no significant risks of an immediate slump", said Igor Cesarec, an economist at Citigroup in NY. A dearth of affordable land and labor continue to weigh heavily on housing starts, headwinds that sustained low mortgage interest rates and a strong job market haven't overcome.
Permits to construct single-family properties rose 0.4% to a charge of 813,000 models in June. Builders, nonetheless, complained "they proceed to grapple with labor shortages, a dearth of buildable tons and rising development prices which might be making it more and more hard to construct properties at cheap worth factors relative to purchaser incomes". A report July 16 showed homebuilder sentiment increased in July amid solid demand for single- family homes and prospective buyer traffic.
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And who knows? Maybe the lore book will even have some genuinely insightful pointers for the game too. The World of Cyberpunk 2077 will come out next year, just before the release of the official game .
Starts for the volatile multi-family housing segment dropped 9.2% to a rate of 406,000 units last month. Multifamily permits accounted for the entire decline, plummeting 16.8% to a 407,000-unit pace, its slowest since 2016. Permits for buildings with five units or more were the lowest since March 2016.
June housing completions fell 4.8% from May and 3.7% from June 2018. The inventory of housing underneath development elevated 0.5% to 1.135 million models in June.
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England cricket chief laughs off run row
But this was not the only factor which reflected how narrowly the two finalists, hosts England , and New Zealand , were divided. Faf du Plessis (820) of South Africa and Ross Taylor of New Zealand (817) are on the fourth and fifth position respectively.