Housing starts fall 5.8%, disappointing analyst estimates

Caterpillar Inc., Deere & Co. and 3M Co. declined at least 1.4 percent, pacing losses in companies most-tied to the economy, as Europe’s economic growth trailed estimates and U.S. housing starts.

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The Commerce Department reported that housing starts fell 5.8% to an annual rate of 654,000 last month. In a healthy economy, housing starts should average 1.5 million or more each year, analysts.

Housing starts recovered sharply from a disappointing July report, exceeding even the high end of analysts’ estimates. The level of new permits issues, however, was disappointing. For the first eight months of the year, total starts are up 6.9% on a non-seasonally adjusted basis and single-family starts are up 6.3%.

Growth and hiring were disappointing in. the Commerce Department said housing starts dropped 1.1 percent last month to a seasonally adjusted annual rate of 746,000 units. The government also.

Housing starts were down 3.3 percent compared to February last year. "We saw broad-based weakness across the country with the biggest declines in the Northeast and Midwest, suggesting that harsh winter weather in these regions slowed new residential construction significantly," said Derek Lindsey, an analyst at BNP Paribas in New York.

Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year Closing costs represent 2 to 5 percent of the loan value. This reduces the need for you to come up with more cash or incorporate it into the loan. Lenders also see this as the company is investing.

While expectations for aggregate S&P first-quarter earnings. just on Wednesday, and better than the 2% fall expected at the start of April.

projections estimate housing starts to continue to grow at a slow rate over the next eight quarters, with the multivariate models predicting total housing starts in 2013 and 2014 of 650,000 and 680,000, respectively. These figures fall substantially short of pre-recessionary peaks and are

Stocks on Monday recouped some of Friday’s big losses. But it wasn’t a one-way street. Equities wavered in the face of crosscurrents in earnings, M&A news and downbeat housing data.

 · Enertopia Corp. analyst estimates by MarketWatch. view enrt revenue estimates and earnings estimates, as well as analyst recommendations.. Housing starts slower but.

On Wednesday, trade worries, along with disappointing. taking a 5.8 percent stake in the cyber-security firm. JD.com dropped 2.3 percent after China’s second largest e-commerce firm reported.

Boise Cascade sees less demand as housing starts fall .. The October consensus estimate for 2016 U.S. housing starts has declined modestly to 1.18 million starts.. of 1.4 to 1.5 million.