Wednesday, February 22, 2017

US housing starts total 1.25M in Jan vs. 1.22M starts expected

The US home building has fallen in the month of January as many constructions of multi family housing projects have dropped. The houses have declined 2.6% to an annual rate of 1.25 million units. Home building has gone up 10.5% compared to January 2016. A permit for the future constructions have have gone up 4.6% to a rate of 1.29 million units which is the highest since of two years ago. Economists have said that the forecast groundbreaking activity has fallen and caused building permits to rise. The housing market is being recovered by a strong labor market and is improving employment opportunities for the future generations. With the higher mortgage rates, it could slow demand for housing. Since last month, the single family home is the largest share of  the residential housing market while multi family homes have gone down to a rate of 423,000 units.


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http://www.cnbc.com/2017/02/16/us-housing-starts-jan-2017.html

Questions:
1. What do you think has caused the housing project to fall?
2. How can we stop this from happening?
3. What would you do if you were a construction worker?
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5 comments:

  1. AnonymousFebruary 26, 2017 at 4:10 PM

    I believe the housing projects have fallen because many people are most likely a little nervous to live in a Trump America now. We can stop this simply by looking at the facts; more houses and more income will create a better economy. If I were a construction worker I would move to a booming area, such as the silicon valley.

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  2. AnonymousFebruary 27, 2017 at 8:24 AM

    I agree with Mikey, believe the housing project has failed because people are hesitant to put money towards new housing because they feel the economy will takr a drastic hit. To fix the situation, it starts with the work force. People need to be employed and have a job to have money, then they'll buy more housing. Which will increase the economony.

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  3. AnonymousFebruary 27, 2017 at 10:43 AM

    I agree with Mikey as well. People are being a lot more cautious with their money now.

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  4. AnonymousMarch 4, 2017 at 11:08 AM

    I agree with Mikey as well, as he clearly stated how the project was falling and how the people wants to be more careful with their money

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  5. AnonymousMarch 15, 2017 at 4:23 PM

    I agree as well, people are afraid to put their money at risk. If something were to happen and the economy were to drop then that would be a huge loss

    ReplyDelete

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