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Author: Suman Bhattacharyya
At 8:30 this morning, the Census Bureau will release its monthly report on housing starts for March. Economists polled by Bloomberg predicted a modest drop in housing starts for March, with a median estimate of 1.16 million, slightly down from February’s seasonally adjusted rate of 1.2 million. Economists attribute the […]
Four years ago, Ottawa native Doug Janoff purchased a duplex in Fort Lauderdale. With a high Canadian dollar and cheap property prices, it seemed like a sound investment property. But after a short few years, now Janoff is considering letting go of the house. “For the first time I’ve owned […]
New housing construction picked up in February after a January dip, a sign of the resilience of the housing market due to strong economic conditions. Housing starts jumped 5.2 percent in February to a seasonally adjusted rate of 1.2 million, a five-month high. Economists attribute this increase to pent-up demand […]
Despite a drop in housing starts in January, the housing sector remains strong and new home constructions should pick up in the months ahead. Housing starts fell 3.8 percent in January to a seasonally adjusted annual rate of 1.1 million, the Department of Commerce reported on Wednesday. This came as […]