Support
By Alexander Bueso
Date: Wednesday 18 May 2022
LONDON (ShareCast) - (Sharecast News) - Homebuilding activity in the States weakened more than expected last month.
According to the US Department of Commerce, in seasonally adjusted terms, housing starts dipped at a month-on-month pace of 0.2% to reach an annualised pace of 1.724m.
That was significantly less than the 1.77m print anticipated by economists, although starts were up by 14.6% on a year earlier.
Weakness was centred on single-family housing starts in April, which dropped by 7.3% on the month to reach 1.1m.
The rate of housing starts for March was revised lower from a preliminary estimate of 1.793m to 1.724m.
By regions of the country, starts declined by 23.2% versus March in the Northeast and by 22.0% in the Midwest, but rose by 10.6% in the South and by 3.3% in the West.
Meanwhile, in April, building permits, a leading indicator for activity, fell by 3.2% on the month to reach a clip of 1.819m.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 16,600.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 17,685.00 |
52 Week Low | 11,530.00 |
Volume | 0 |
Shares Issued | 202.10m |
Market Cap | £33,549m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 6 |
Buy | 10 |
Neutral | 7 |
Sell | 2 |
Strong Sell | 0 |
Total | 25 |
Latest | Previous | |
---|---|---|
2nd Interim | 1st Interim | |
Ex-Div | 14-Mar-24 | 14-Dec-23 |
Paid | 07-May-24 | 06-Feb-24 |
Amount | 79.00¢ | 79.00¢ |
You are here: research