New building permits were up 7.7% from the April 2017 rate. The April decline was also driven by weakness in multifamily, which experienced a 13% drop in starts relative to March.
Data for March was revised to show starts rising to a 1.336 million-unit rate instead of the previously reported 1.319 million-unit pace.
Housing activity decreased in three of the four regions as the Northeast, Midwest, and West declined 8.1%, 16.3%, and 12.0%, respectively.
"We expect housing starts to continue to gain ground through 2018, supported by positive fundamentals such as low unemployment and healthy wage increases, which are expected to offset higher mortgage rates".
Single-family home building, which accounts for the largest share of the housing market, edged up 0.1 percent to a rate of 894,000 units last month.
Monzo now supports Apple Pay in its banking services
Despite its innovative brand, it has taken a long time for the bank to support Apple's contactless mobile payments offering. And when you sign an NDA with Apple it's not untypical for it to stipulate that you don't talk about said NDA.
The report showed 163,000 homes were authorized for construction in April but not yet started, up 14% from 143,000 a year ago and indicating a steady pace of homebuilding in coming months.
Randy Noel, chairman of the National Association of Home Builders (NAHB), says his organization had anticipated "some pullback" for housing starts in April "after such a strong March report". "However, builders must manage supply-side hurdles, such as ongoing building material price increases and shortages of land and labor, to meet growing housing demand".
Permits for new single-family homes rose month over month in April from a revised annual rate of 851,000 in March to a seasonally adjusted annual rate of 859,000.
The Trump administration in April previous year imposed anti-subsidy duties on imports of Canadian softwood lumber. Apartment construction tumbled 12.6 percent to 374,000. Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,352,000, which 1.8 percent below the revised March rate of 1,377,000 but 7.7 percent above the April 2017 rate of 1,255,000. Permits for multi-family units fell 6.3 percent to a 493,000 unit-pace. This number is more volatile than the single-family number and has moved mostly sideways since 2013. Single-family units under construction increased 1.0 percent to the highest level since June 2008.
As per reports, BJP leaders are seeking out the Governor to grant them a week's time to prove their majority in the house. He argued that the matter should not have been heard at this hour and it was "absolutely wrong" to do so.
Sharing the poster on his Twitter account, Irrfan Khan wrote, "Beginnings have the innocence that experience can't buy". The actor took to his handle to wish his " Karwaan " co-stars Dulquer Salmaan and Mithila Palkar for joining the film.
The Bullets Wireless headphones also come with dust and water resistivity, which means these, can be used outdoors as well. Disclosure: OnePlus sponsored Gadgets 360 correspondent's flights and hotel for the launch event in London .
Department of Justice alleged Tuesday that Lischewski conspired with rival seafood companies to artificially inflate tuna prices. Bumble Bee, based in San Diego, pleaded guilty previous year to a criminal charge of conspiring to fix tuna prices.
The highest price ACIA stock touched in the last 12 month was $50.1 and the lowest price it hit in the same period was $24.72. The firm has a market cap of $1.25 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 60.39 and a beta of 1.11.
An early morning tragedy involving a pit bull attack has left a 75-year old woman dead and another woman in custody. They say the owner took off shortly after his pit bulls attacked another dog at Mission Dolores Park on Sunday.
Walmart Inc . registered $200,291 net activity with 0 insider purchases and 1 insider sale since December 11, 2017. Walmart's shares traded up 1.2% in premarket trading Thursday, at $87.11, in a 52-week range of $73.13 to $109.98.
Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. We see here that Spectra Energy Partners, LP ( NYSE : SEP ) is -1.09% away from the 20-Day Simple Moving Average.
As part of the immediate fallout, the spread between Italy's and Germany's 10-year bond yields grew. Berlusconi has refused to govern with the 5-Stars, who he regards as "more unsafe than communists".
JC Penney Q1 Comp Sales Flat
Latest trading price was -0.44% downbeat to its 50-day moving average and below -12.91% to its 200-day moving average. Following volatility data can help measure how much the stock price has fluctuated over the specified time period.
Google Wifi's Network Check feature just got a lot better
It also means you can immediately fix connectivity problems, and won't have to learn the hard way that your devices need to move. This approach is helpful if you're trying to troubleshoot a specific area in your home or office, but not a particular device.
IEA: High Oil Prices "Taking A Toll" On Demand
Several banks have in recent days raised their oil price forecasts, citing tighter supplies and strong demand. Oil markets reacted bullishly, with worldwide benchmark Brent crude rising about 8 percent to $71 a barrel.
Browns to be featured on HBO's 'Hard Knocks'
The Browns have two first round draft picks, in the form of Heisman victor Baker Mayfield and Northeast Ohio native Denzel Ward. Last year, the show centered around the Tampa Bay Buccaneers , including former OU defensive lineman Gerald McCoy .
SA still at 72 in world football rankings
After a busy season last April, Harambee Stars moved two places up to position 111 in the global stage. Nigeria ranked behind Tunisia, Senegal, Congo DR, Morocco and Egypt, respectively.
LG G7 ThinQ Global Rollout Begins Today
This deal only applies to G7 pre-orders placed during the above dates from certain carriers and retailers. The company has confirmed that key markets in Asia, Europe, the Americas will follow shortly thereafter.
Raazi box office collection day 6
The event was graced by the entire Raazi team including director Meghna, Alia, Vicky and Soni Razdan among others. It collected Rs 7.53 crore on Friday, Rs 11.30 crore on Saturday and Rs 14.11 crore on Sunday.
Rupee rebounds 27 paise in early trade
After posting strong gains against the U.S. dollar in 2017, the rupee has fallen sharply against the greenback this year. The domestic unit opened strong by 10 paise at 67.70 at the interbank forex market today.