, likely reflecting the impact of unseasonably mild weather. While building permits tumbled 5.5% to a rate of 1.464 million units in February, that followed a sharp acceleration in January to their highest level since March 2007.
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 home building, 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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »