Economic Report: Housing starts lurch to a near 2-year low [MarketWatch]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: MarketWatch
Housing starts lurch to a near 2-year low The numbers: Housing starts were at a 1.14 million seasonally adjusted annual rate in March, the Commerce Department said Friday , 0.3% lower compared to February. It missed the MarketWatch consensus of a 1.225 million seasonally adjusted annual rate and was the lowest since May 2017. Permits fell 1.7% to a rate of 1.27 million. Economists expected a 1.3 million rate on permits. What happened: Builders broke ground on about the same number of homes in March as in February, but the pace of construction is running well below last year’s. The March tally was a whopping 14.2% lower than a year ago. Revisions to prior months were roughly flat. The government’s data on new home construction are notoriously unreliable, making it hard to rely on any one report for a big-picture view. Still, for the year to date, starts are down 9.7% compared to the same period last year. See: New-home sales rise in February to 11-month high: a ‘Goldilocks’ moment
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GNW
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website