The February decline pulled housing starts
below the 1 million-unit level for the first time since last August.
Single-family housing starts
last month reached 656,000, representing an 8.
With the strength of our economy and a surge in our population, 2012 is going down as one of our strongest years for housing starts
in decades, Economy Minister Bill Boyd said.
Economists polled by Reuters had forecast housing starts
rising to a 635,000-unit rate.
Although signs of recovery have been seen, housing starts
remain sluggish in the face of strict conditions in economy and employment,'' a ministry official said.
Cross-correlation analysis reveals that the association between housing starts
and the number of houses sold are strongly positive and immediate, and it continues to persist for over two years.
Multifamily housing starts
-- condos and apartments -- totaled 3,009, down 56.
25% increase in housing starts
for Q2 2006 (5,337) compared with Q2 2005 (4,267)
Of the three main categories of housing starts
, those for owner-occupied houses dropped 13.
Valves & Fittings--The expected drop in housing starts
, coupled with increases in imports, is expected to decrease gray iron valve/fitting shipments to 296,000 tons in '00, a loss of more than 3%.
1 percent rise in housing starts
during December 1999.
Three of the most important releases are housing starts
, new home sales and existing home sales.