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By Alexander Bueso
Date: Tuesday 19 Sep 2023
LONDON (ShareCast) - (Sharecast News) - Homebuilding activity in the States fell sharply last month, although a key lead indicator pointed to somewhat more buoyant conditions in coming months.
According to the U.S. Department of Commerce, in seasonally adjusted terms housing starts fell at a month-on-month pace of 11.3% to reach an annual rate of 1.283m (consensus: 1.439m).
However, housing permits shot up by 6.9% in comparison to the previous month, reaching a rate of 1.543m (consensus: 1.44m).
Starts fell across the entire country save for the Northeast, where they edged up by 1.0%.
Single-family housing starts dropped by a more restrained 4.3% over the month to a rate of 941,000, while permits rose by 2.0% to 949,000.
-- More to follow --
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Currency | UK Pounds |
Share Price | 17,105.00p |
Change Today | 5.00p |
% Change | 0.03 % |
52 Week High | 17,650.00 |
52 Week Low | 10,960.00 |
Volume | 7,688 |
Shares Issued | 202.28m |
Market Cap | £34,599m |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 6 |
Buy | 10 |
Neutral | 7 |
Sell | 2 |
Strong Sell | 0 |
Total | 25 |
Latest | Previous | |
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2nd Interim | 1st Interim | |
Ex-Div | 14-Mar-24 | 14-Dec-23 |
Paid | 07-May-24 | 06-Feb-24 |
Amount | 79.00¢ | 79.00¢ |
Time | Volume / Share Price |
13:56 | 49 @ 17,105.00p |
13:56 | 10 @ 17,105.00p |
13:56 | 32 @ 17,100.00p |
13:56 | 31 @ 17,100.00p |
13:56 | 80 @ 17,110.00p |
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