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Stock impact report

Housing starts rebound, but building permits fall to 15-month low [MarketWatch]

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
Company Research Source: MarketWatch
Housing starts roar back even as builder permits fall to 15-month low The numbers: Housing starts ran at a 1.282 million seasonally adjusted annual rate in August, the Commerce Department said Wednesday . That was 9.2% higher than July’s pace, and 9.4% higher than a year ago. What happened: Home builders broke ground on more homes in August, in good news for the supply-starved housing market. August’s pace beat the MarketWatch consensus of 1.249 million. But they applied for fewer permits: the 1.229 million pace of permits in August was down 5.7% for the month and 5.5% compared to a year ago. August’s pace of permitting was the lowest since May 2017. Builder confidence is treading water this year, with sentiment unchanged in September , according to an industry group. Strong consumer demand is offset by high input costs, and new tariffs aren’t helping. Also see: Help wanted: Home builders need women, immigrants and robots to fill shortage Big picture: The government’s new-home rep Show less Read more
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