Single-family housing starts improve

 · Nationwide housing starts rose 8.3% in June to a seasonally adjusted annual rate of 1.22 million units, according to data released this morning from HUD and the Commerce Department. Single-family production increased 6.3% to a seasonally adjusted annual rate.

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Single-family housing starts in February were at a rate of 902,000, which is 2.9 percent above the revised January figure of 877,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD). Privately-owned housing starts in February were at a.

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Housing starts usually fall from November to December. It’s something that happens seasonally. This year, from November to December, housing starts for single-family houses dropped by 21.6 percent. That’s the largest drop for the period since starts dropped 21.4 percent in 1990 – so it’s a 27-year low.

FHA mortgage insurance premiums won’t be going down in 2015 Source: FHA Handbook Difference between MIP and PMI. Mortgage insurance premiums apply to FHA loans specifically, but conventional loans have a similar requirement, called private mortgage insurance (PMI).. Conventional mortgage borrowers must pay PMI when they make a down payment that is less than 20% of their home’s purchase price.

The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.. A "housing start" is a home on which construction has started and home builders are breaking ground at rates not seen even.

Housing is a huge chunk of the U.S. economy. Look to Kiplinger’s Economic Outlooks for forecasts on existing home sales, new home sales and housing starts.

The new construction housing market continues to improve One day after the National Association of Homebuilders reported a 5-year high in homebuilder confidence, the U.S. Census Bureau reports that single-family housing starts rose 2 percent for the second straight month last month.