Tag Archives: Heavy Rain

Tropical Storm Rosa will still pack a punch to southern California, Arizona

Hurricane Rosa is shown from a National Oceanic and Atmospheric (NOAA) GOES East satelite over the eastern Pacific Ocean on September 27, 2018, in this image provided September 28, 2018. Image taken September 27, 2018. NOAA/Handout via REUTERS

(Reuters) – Tropical Storm Rosa diminished from a Pacific hurricane over the weekend, but will still bring strong winds and dangerous rip currents to Southern California on Monday, the National Hurricane Center (NHC) said.

It could also bring life-threatening flash floods to central Arizona over the next few days, the NHC added.

“This storm still has a punch, it’s still dangerous,” said David Roth, a meteorologist with the National Weather Service’s Weather Prediction Center in College Park, Maryland.

Swells generated by Rosa on Monday are affecting the coasts of southwestern Mexico, the west coast of the Baja California peninsula and southern California through Tuesday, the weather service said in an advisory.

“We’re already getting rains in southern California through southwest Arizona,” Roth said.

Baja California and southern California could receive 3 to 6 inches of rain, with isolated spots of 10 inches in the next few days. The desert southwest of Arizona could get up to 4 inches of rain, potentially bringing flash floods and mud slides, Roth said.

Rosa was packing 50 mph (85 kmh) winds and was about 140 miles (225 km) west southwest of Punta Eugenia, Mexico at 2 a.m. Monday, Pacific time, the NHC said.

It is expected to diminish in strength as it makes landfall on Monday night and its remnants are expected to move across the southwestern desert on Tuesday.

(Reporting by Rich McKay; Editing by Gaerth Jones)

Hawaii residents hit by floods from Hurricane Lane as new storm forms

FILE PHOTO: Large waves crash against the shoreline on the east side of Oahu as Hurricane Lane approaches Honolulu, Hawaii, U.S. August 24, 2018. REUTERS/Hugh Gentry

By Dan Whitcomb

(Reuters) – Flash flood warnings were issued on Tuesday for the Hawaiian island of Kauai, with residents on the north coast told to evacuate and others left stranded by high water as the remnants of Hurricane Lane drenched the archipelago and a new storm brewed in the Pacific Ocean.

Hawaii was spared a direct hit from a major hurricane as Lane diminished to a tropical storm as it approached and then drifted west, further from land. But rain was still pounding the island chain, touching off flooding on Oahu and Kauai.

“It has been a steady rain since after Lane but I got up 2:30 a.m. (Hawaiian Standard Time) to the National Weather Service flash flood advisory and that’s when we put out the release as well as an island-wide telephone call,” County of Kauai spokesman Alden Alayvilla said.

The advisory urged residents near Hanalei Bridge on the north side of the island to evacuate their homes due to rising stream levels. A convoy that had been used to escort residents over roads damaged by historic floods in April between was shut down, leaving many cut off.

“Heavy pounding and hazardous conditions are being reported island-wide. Motorists are advised to drive with extreme caution. Updates will be given as more information is made available,” the Kauai Emergency Management Agency said.

A flash flood watch also remained in effect for Oahu, home to the state capital Honolulu and 70 percent of Hawaii’s 1.4 million residents.

Micco Godinez, who lives on the north side of Kauai, said he found the only road out of Hanalei, where he lives, barricaded by police vehicles when he tried to leave for work on Tuesday morning. He expected to be stranded for at least another day.

“I can’t get out at all,” Godinez said. “Our little community of Hanalei is isolated and then west of us is even more isolated,” he said.

Even as Hawaii residents sought to recover from Lane, they kept a watchful eye on Tropical Storm Miriam, spinning in the Pacific Ocean some 2,000 miles to the east and expected to become a hurricane by the time it approaches the islands.

“Miriam is supposed to go north and dissipate in the colder waters and drier air, so I’m not really worried about it,” Godinez said. “But it is hurricane season, and there’s another one behind that. You know what they say: Without rain you wouldn’t have rainbows.”

(Reporting by Dan Whitcomb; Editing by Lisa Shumaker)

Typhoon Cimaron slices through western Japan, heads north

High waves triggered by Typhoon Cimaron crash against the coast of Aki, Kochi Prefecture, western Japan in this photo taken by Kyodo, August 23, 2018. Mandatory credit Kyodo/via REUTERS

TOKYO (Reuters) – A powerful typhoon sliced across western Japan on Friday, dumping heavy rain before heading out to sea and turning towards the northern island of Hokkaido after reports that three students were swept out to sea.

There were scattered reports of damage and significant transportation delays but the region appeared to have escaped the devastation and mass casualties it experienced in floods in early July.

The center of Typhoon Cimaron was estimated to be about 210 km (130 miles) northwest of Wajima city in Ishikawa prefecture at 9 a.m. (0000GMT) and heading north, the Japan Meteorological Agency said.

Three college students were thought to have been swept away by high waves from a beach in Shizuoka, public broadcaster NHK said. The students’ sandals, backpacks, smartphones and wallets were found on the beach, it said.

Evacuation orders were issued in areas including Wakayama, Hyogo and Osaka prefectures and train and plane services were disrupted, NHK said. The directive was lifted in many areas but about 45,000 households had lost power in western Japan, it said.

(Reporting by Kaori Kaneko; Editing by Paul Tait)

State of emergency, Evacuations, rescues as ‘historic’ floods hit northeastern U.S.

A road is submereged in flood water after heavy rains in Spring Lake, New Jersey, U.S., August 13, 2018, in this still image taken from a veideo obtained from social media. @TheWeatherMstr/via REUTERS

(Reuters) – New Jersey declared a partial state of emergency on Tuesday as forecasts for further heavy rainfall posed new danger in parts of that state, New York, and Pennsylvania, where rescuers hauled people from waterways, flooded cars, and homes.

Following several days of torrential rain throughout the northeastern United States, the National Weather Service issued new warnings for flooding in areas around Binghamton, New York, near the Pennsylvania border, and in New Jersey.

A road is submereged in flood water after heavy rains in Spring Lake, New Jersey, U.S., August 13, 2018, in this still image taken from a veideo obtained from social media. @TheWeatherMstr/via REUTERS

A road is submereged in flood water after heavy rains in Spring Lake, New Jersey, U.S., August 13, 2018, in this still image taken from a veideo obtained from social media. @TheWeatherMstr/via REUTERS

Federal forecasters warned that areas in the region could see as much as 4 inches (10 cm) more rain on Tuesday.

New Jersey Governor Phil Murphy said in a statement five of the state’s 21 counties were under a state of emergency, where additional rainfall could further complicate flood cleanup.

“Parts of our state have received nothing less than historic amounts of rain, and some communities received an entire month’s worth in just a few hours,” said Murphy.

The police department in Brick, a town of 75,000 on the Atlantic coast, said on Facebook that residents were barred from returning to 105 homes without a security escort until township officials finished inspecting them.

In Seneca County, New York, emergency crews were evacuating some residents by boat and taking them to a nearby shelter, the sheriff’s office said in a statement.

“Flooding is one of the primary killers with regards to weather. It’s not tornadoes. It’s not wind damage,” said Brett Rossio, an Accuweather meteorologist. “It doesn’t take much. Even just a foot of water can pull you away very easily.”

More than 8,000 people had lost power in areas drenched by the storms and the Red Cross said it was operating shelters. It was not immediately clear how many people were in them.

“It’s Mother Nature so it’s a fluid situation, watching where the rain falls and if there’s additional evacuations necessary,” said Jay Bonafede, the Red Cross spokesman.

Both Pennsylvania and New York have already activated their emergency response centers for the storms, which started over the weekend.

Molly Dougherty, a spokeswoman for the Pennsylvania Emergency Management Agency, said some people affected by the flooding had been recovering from deluges three weeks ago.

“People are looking at losses of most of their belongings and, in some cases, we’re still concerned about the safety of folks and making sure they’re able to stabilize,” said Dougherty.

(Reporting by Makini Brice; Editing by Scott Malone, Susan Thomas, and Bernadette Baum)

Typhoon bears down on Tokyo and northeast Japan coast, flights disrupted

Passersby using an umbrella struggle against a heavy rain and wind as Typhoon Shanshan approaches Japan's mainland in Tokyo, Japan August 8, 2018. REUTERS/Toru Hanai

TOKYO (Reuters) – A powerful typhoon was approaching Tokyo on Wednesday evening, threatening Pacific coastal regions to the northeast of the capital with heavy rains and high winds, leading to flight cancellations and evacuation advisories in some areas.

The center of typhoon “Shanshan”, a Chinese girl’s name, was located 200 km (125 miles) southeast of Tokyo as of 9:00 p.m. (8.00 a.m. ET), and is expected to move north along the east coast of Japan’s main island on Thursday, possibly snarling the morning rush hour.

The Japan Meteorological Agency warned that Tokyo and surrounding areas could get as much as 300 mm (12 inches) of rain in the 24 hours to 6:00 p.m. on Thursday, with winds gusting as high as 180 kmh (111 mph).

Shanshan is expected to move slowly, meaning heavy rain may fall in one area for an extended period, the agency said.

The city of Mobara, east of Tokyo, issued an evacuation advisory for its entire population of about 90,000 people.

Several other municipalities near Tokyo also issued evacuation advisories for some residents, bringing the total number of people affected to more than 100,000, according to public broadcaster NHK.

NHK also said airlines had canceled more than 160 flights.

The western Japan regions hit by deadly floods in July look set to be spared any damage from the typhoon as it winds its way up the northeastern coast.

Japan has experienced one weather disaster after another since the start of July, including a record-breaking heatwave that saw temperatures surge to 41.1 Celsius (106 Fahrenheit) and had killed at least 132 people as of August 5.

(Reporting by Elaine Lies, Kiyoshi Takenaka; Editing by Michael Perry and Hugh Lawson)

Kenyan rose-farm dam bursts, ‘sea of water’ kills 47

An aerial view of rescue efforts near destroyed houses by flooding water after a dam burst, in Solio town near Nakuru, Kenya May 10, 2018. REUTERS/Thomas Mukoya

By Thomas Mukoya

SOLAI, Kenya (Reuters) – A dam on a commercial flower farm in Kenya’s Rift Valley burst after weeks of torrential rain, unleashing a “sea of water” that careered down a hillside and smashed into two villages, killing at least 47 people.

The walls of the reservoir, on top of a hill in Nakuru county, 190 km (120 miles) northwest of Nairobi, gave way late on Wednesday as nearby residents were sitting down to evening meals.

Kenya is one of the largest suppliers of cut flowers to Europe, and roses from the 3,500-acre Solai farm are exported to the Netherlands and Germany, according to Optimal Connection, its Netherlands-based handling agent.

The floodwaters carved out a dark brown chasm in the hillside and swept away everything in their path – powerlines, homes and buildings, including a primary school.

The bodies of two women were found several kilometers away as excavators and rescue workers armed with shovels picked through rubble and mud searching for survivors and victims.

Local police chief Japheth Kioko said the death toll could climb. “So far it is 47 dead. We are still on the ground,” he told Reuters.

After a severe drought last year, East Africa has been hit by two months of heavy rain, affecting nearly a million people in Kenya, Somalia, Ethiopia and Uganda. Bridges have been swept away and roads turned into rivers of mud.

In Solai, Veronica Wanjiku Ngigi, 67, said she was at home brewing tea with her son at around 8 pm (1700 GMT) when his wife rushed in to say the dam had burst and they needed to get to higher ground immediately.

“It was a sea of water. My neighbor was killed when the water smashed through the wall of his house. He was blind so he could not run. They found his body in the morning,” she said. “My other neighbors also died. All our houses have been ruined.”

BOULDERS, ROOTS

Nakuru lies in the heart of Kenya’s fertile Rift Valley, home to thousands of commercial farms that grow everything from French beans to macadamia nuts to cut flowers, nearly all of which are exported to Europe.

The region is dotted with irrigation reservoirs built in the last two decades to meet the demands of the rapidly expanding agricultural sector, the biggest foreign exchange earner for East Africa’s largest economy and a major source of jobs.

Vinoj Kumar, general manager of the Solai farm, blamed the disaster on massive rainfall in a forest above the dam.

“In the past two days the intensity of the rain was high and the water started coming down carrying boulders and roots which damaged the wall,” he told Reuters. “The dam wall cracked and the water escaped.”

Nakuru governor Lee Kinyanjui said 450 homes had been hit by the floodwaters and safety engineers had been sent to inspect three other dams to check for cracks or breaches.

Wanjiku, the survivor, said at least one looked like it was ready to burst. “There is another dam which is also overflowing which is looking risky,” she said. “We are scared.”

One primary school had been closed as a precaution, education officials said. Arriving at the scene, Interior Minister Fred Matiangi pledged central government assistance to those affected.

To date, heavy rains have caused havoc in Kenya, killing 158 people and displacing 299,859, according to the government and Kenya Red Cross. Roads and bridges have been destroyed, causing millions of dollars of damage.

The United Nations UNOCHA disaster agency said 580,000 people had been affected by torrential rain and flooding in neighboring Somalia, while the Somali region of eastern Ethiopia had also taken a hammering, with 160,000 people affected.

The flooding could yet get worse, with heavy rains forecast to continue in the Rift Valley and the Lake Victoria basin over the next few weeks.

(Reporting by Thomas Mukoya, George Obulutsa, Duncan Miriri, Humphrey Malalo and Maggie Fick; Writing by Ed Cropley; Editing by Andrew Heavens)

‘Four’easter’ pounds U.S. East as Californians wary of mudslides

A woman holds an umbrella as she walks toward the Washington Monument during a snowstorm in Washington, U.S., March 21, 2018. REUTERS/Kevin Lamarque

By Daniel Trotta

NEW YORK (Reuters) – The U.S. East’s fourth major snowstorm this month brought heavy snow on Wednesday, snarling flights and commuter travel, closing schools and triggering emergency declarations in several states.

The storm will have passed over the Northeast by dawn Thursday. By then, it will have dumped 8 inches of snow on Philadelphia, 12 inches on New York City, and 17 inches over northern Maryland and southern Pennsylvania, said Weather Prediction Center meteorologist Marc Chenard.

The storm faded as it reached New England, which received less snow than had been forecast, Chenard said.

The wintry blast on the second day of spring was dubbed “four’easter” by some media outlets because it struck after three previous storms this month. Those nor’easters left nine dead and more than 2 million homes and businesses without power.

While he offered no guarantees, Chenard told Reuters: “At this point, I would say there is a good chance this is the last” Northeast snowstorm for March.

New York state Governor Andrew Cuomo declared local emergencies for New York City and five nearby counties.

Schools in the largest U.S. school district in New York City will reopen on Thursday after being shut on Wednesday, city officials said.

“Don’t go out unless you absolutely have to go out,” New Jersey Governor Phil Murphy said on Twitter on Wednesday. Murphy on Tuesday declared a state of emergency as crews cleared roadways and transit bus service was suspended statewide.

Murphy said at least one death was caused by the storm in a traffic crash, NJ.com reported, and the New York Daily News reported that a woman was killed on Long Island in another traffic accident.

Delaware Governor John Carney also declared a state of emergency for Wednesday.

Throughout the East Coast, many other buses and trains, including some Greyhound bus and Amtrak rail routes, that millions of people rely on to commute to and from work and school also canceled service on Wednesday.

With many commuters staying home, New York City’s normally bustling Times Square was sedate.

“We’re not going to let the snow get in the way of our snow day,” said Cheryl Mandelbaum, 30, an elementary school teacher who was taking pictures with a friend, another teacher who had the day off.

Several inches of snowfall in Washington and its suburbs forced the closure of federal government offices, according to the U.S. Office of Personnel Management. The office also said federal agencies told workers to arrive two hours later than usual on Thursday, work remotely or take the day off.

Washington schools were also closed, and children in Philadelphia, parts of New Jersey and Pittsburgh also enjoyed a snow day. In Boston, students were told to trudge to school.

The National Weather Service said that farther inland, snow also blanketed parts of Ohio, Indiana and Kentucky.

Airlines scrapped 4,444 flights within, into and out of the United States, according to flight tracking website FlightAware, and 3,206 U.S. flights were delayed.

As the storm ends for the Northeast on Thursday morning, parts of coastal California will be poised for possible mudslides.

About 25,000 people were under mandatory evacuation orders in Santa Barbara and Ventura counties, Santa Barbara officials said on Wednesday night. The evacuations are called mainly in hillside areas burned by winter wildfires and where in January 21 people were killed in mudslides.

No one had been hurt by Wednesday night, said Kelly Hoover of the Santa Barbara County Sheriff’s Office, who added that heavy rains were expected from 5 to 11 a.m. on Thursday.

(Additional reporting by Alana Wise and Scott DiSavino in New York, Bernadette Baum in Montclair, New Jersey, Suzannah Gonzales in Chicago, Keith Coffman in Denver, Eric Walsh in Washington and Brendan O’Brien in Milwaukee; Additional reporting and writing by Bernie Woodall in Fort Lauderdale, Fla.; Editing by Jonathan Oatis and Himani Sarkar)

Tropical Storm Irma floods northern Florida cities after hammering south

A partially submerged car is seen at a flooded area in Coconut Grove as Hurricane Irma arrives at south Florida, in Miami, Florida, U.S., September 10, 2017.

By Zachary Fagenson and Daniel Trotta

MIAMI/KISSIMMEE, Fla. (Reuters) – Downgraded from a hurricane to a tropical storm, Irma flooded several northern Florida cities with heavy rain and a high storm surge on Monday as it headed out of the state after cutting power to millions and ripping roofs off homes.

Irma, once ranked as one of the most powerful hurricanes recorded in the Atlantic, hit a wide swath of Florida over the past day, first making landfall on the Florida Keys archipelago and then coming ashore south of Naples before heading up the west coast.

Now a tropical storm with sustained winds of up to 70 miles per hour (110 km per hour), Irma was located about 35 miles (56 km) west of Gainesville and headed up the Gulf Coast, the National Hurricane Center said at 8 a.m. ET (1200 GMT).

The Cuban government reported on Monday that 10 people had been killed after Irma battered the island’s north coast with ferocious winds and 36-foot (11-meter) waves over the weekend. This raised the overall death toll from Irma’s powerful rampage through the Caribbean to 38.

Northeastern Florida cities including Jacksonville were facing flash flooding, with the city’s sheriff’s office pulling residents from waist-deep water.

“Stay inside. Go up. Not out,” Jacksonville’s website warned residents. “There is flooding throughout the city and more rain is expected.”

 

HEART-POUNDING NIGHT

After what she called a terrifying night bunkered in her house in St. Petersburg, on Florida’s Gulf Coast, with her children and extended family, Julie Hally emerged with relief on Monday. The winds had toppled some large tree branches and part of a fence, but her house was undamaged.

“My heart just pounded out of my chest the whole time,” said Hally, 37. “You hear stuff hitting your roof. It honestly sounds like somebody is just whistling at your window the whole night. It’s really scary.”

Governor Rick Scott said he would travel later on Monday to the Florida Keys. Irma first came ashore at Cudjoe Key as a Category 4 hurricane with sustained winds of up to 130 mph (215 kph.)

U.S. President Donald Trump in a ceremony at the Pentagon to remember the victims of the Sept. 11, 2001, attacks vowed a full response to Irma, as well as continued federal support for victims of Hurricane Harvey, which flooded Texas.

“These are storms of catastrophic severity and we are marshalling the full resources of the federal government to help our fellow Americans,” Trump said. “When Americans are in need, Americans pull together and we are one country.”

The state’s largest city, Miami, was spared the brunt of the storm but still saw heavy flooding. Utility crews were already on the streets there clearing downed trees and utility lines. All causeways leading to Miami Beach were closed by police.

As it traveled through the center of the state early on Monday, Irma brought gusts of up to 100 mph (160 kph) and torrential rain to areas around Orlando, one of the most popular areas for tourism in Florida because of its cluster of theme parks, the National Weather Service said.

A piece of a McDonald’s “golden arch” sign hung in a tree near the fast-food restaurant in the central Florida city of Kissimmee on Monday morning. Valerie Gilleece, 55, had ridden out the storm in the city because her wheelchair-bound husband insisted on it, she said.

“I’m just thanking God to be alive,” Gilleece said. “I wanted to go from the start but he’s stubborn as hell.”

Over the weekend, Irma claimed its first U.S. fatality – a man found dead in a pickup truck that had crashed into a tree in high winds in the town of Marathon, in the Florida Keys, local officials said.

During its passage through the Caribbean en route to Florida, Irma was ranked at the rare top end of the scale of hurricane intensity, a Category 5, for days. It carried maximum sustained winds of up to 185 mph (295 kph) when it crashed into the island of Barbuda on Wednesday.

Ahead of Irma’s arrival, some 6.5 million people in southern Florida, about a third of the state’s population, were ordered to evacuate their homes. Some 200,000 were housed in shelters during the storm, according to federal officials.

 

DAMAGE ESTIMATES

The storm did some $20 billion to $40 billion in damage to insured property as it tore through Florida, catastrophe modeling firm AIR Worldwide estimated.

That estimate, lower than earlier forecasts of up to $50 billion in insured losses, drove insurance company shares higher on Monday. Florida-based insurers Federated National, HCI Group and Universal Insurance were all up more than 12 percent. Meanwhile, Europe’s insurance index was the biggest sectoral gainer, up 2 percent and set for its best day in more than four months.

High winds snapped power lines and left about 5.8 million Florida homes and businesses without power, state data showed.

Miami International Airport, one of the busiest in the country, halted passenger flights through at least Monday. According to the FlightAware.com tracking site, a total of 3,582 U.S. flights were canceled on Monday, mostly as a result of the storm.

Irma was forecast to cross the eastern Florida Panhandle and move into southern Georgia later in the day, dumping as much as 16 inches (41 cm) of rain, government forecasters said.

Police in Miami-Dade County said they had made 29 arrests for looting and burglary.

 

(Additional reporting by Bernie Woodall, Ben Gruber and Andy Sullivan in Miami, Letitia Stein in Detroit, Colleen Jenkins in Winston-Salem, N.C., Doina Chiacu and Jeff Mason in Washington, Scott DiSavino in New York and Marc Frank in Havana; Writing by Scott Malone and Jon Herskovitz; Editing by Frances Kerry and Paul Simao)

 

Flooding threatens U.S. Mid-Atlantic, central Appalachians

(Reuters) – Heavy rains will drench the U.S. Mid-Atlantic and central Appalachians on Saturday after flooding overnight closed roadways and forced water rescues across the region, forecasters said.

A swathe of land from eastern North Carolina up through Washington D.C. and southern Pennsylvania could expect an additional 2 to 5 inches (5 to 13 cm) on Saturday after more than 4 inches (10 cm) fell in parts of the region, the National Weather Service said in advisories.

“Flash flooding from heavy rain will cause a potentially life threatening situation overnight,” the National Weather Service said early on Saturday morning in flash flood warnings and watches it issued for the region.

Numerous people were rescued from vehicles stuck in flooded roadways across the region in southwestern Pennsylvania including Pittsburgh and in the Washington D.C. metro area on Friday night, according to Accuweather.com.

The storm system will bring gusty winds of up to 45 mph (70 kph) to the region, causing rough surf, beach erosion and strong rip current, Accuweather said in its forecast.

(Reporting by Brendan O’Brien in Milwaukee Editing by Jeremy Gaunt.)

U.S. new home sales rebound; consumer sentiment dips

A carpenter works on a new home at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, Nevada April 5, 2013. REUTER/Steve Marcus

By Lucia Mutikani

WASHINGTON (Reuters) – New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.

Other data on Friday showed a dip in consumer sentiment this month, though it remained at a level consistent with a healthy pace of consumer spending. The economy has gained momentum, supported by a labor market that is near full employment.

“It is clear that the economy is moving forward solidly. Consumers are confident and are buying homes, but builders are not getting their share of that demand,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month. Economists had forecast single-family home sales, which account for about 9 percent of overall home sales, surging 6.3 percent to a 570,000-unit rate.

New home sales, which are derived from building permits, are volatile on a month-to-month basis and subject to large revisions. Sales were up 5.5 percent compared to January 2016.

Last month, homes sales soared 15.8 percent in the Northeast to their highest level since January 2008. They rose 14.8 percent in the Midwest and advanced 4.3 percent in the South. Sales in the West, which has been hit by extremely rainy weather, fell 4.4 percent.

“The unusually wet winter may have held back sales in January, but sales are still trending higher on a three-month moving average basis,” said Mark Vitner, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.

Data this week showed sales of previously owned homes jumped 3.3 percent to a 10-year high in January. House prices increased 6.2 percent in December from a year ago.

‘SUPPLY-SIDE CHALLENGES’

In a separate report on Friday, the University of Michigan said its consumer sentiment index fell to a reading of 96.3 this month from 98.5 in January. The index had surged in the prior three months after Donald Trump’s presidential election victory.

“With the focus shifting from campaign promises and philosophical goals, consumers may be acknowledging the difficult task ahead for the Trump administration to actually advance his agenda,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.

The University of Michigan said February’s consumer sentiment reading suggested a 2.7 percent annualized growth pace in consumer spending this year.

U.S. stocks were trading lower on Friday, with the Dow Jones Industrial Average <.DJI> on track to snap a 10-day record-setting winning streak. The PHLX housing index <.HGX> fell marginally. U.S. government bond prices rose, while the dollar <.DXY> dipped against a basket of currencies.

The housing market has firmed even as the 30-year fixed mortgage rate rose above 4.0 percent, outpacing annual wage growth that has been stuck below 3 percent. The tightening job market is driving the gains in housing.

While the healthy labor market has not unleashed a stronger pace of wage growth, it has improved employment opportunities for young Americans, encouraging them to form their own households. But a shortage of properties available for sale remains an obstacle to a robust housing market.

“Mortgage rates aren’t to blame. A big part of the problem is the supply-side challenges builders are facing, like regulatory burdens, labor shortages and a lack of capital and financing options,” said Jonathan Smoke, an economist at realtor.com in Atlanta.

The inventory of new homes on the market increased 3.5 percent to 265,000 units last month, the highest level since July 2009. New housing stock remains less than half of what it was at its peak during the housing boom in 2006.

At January’s sales pace it would take 5.7 months to clear the supply of houses on the market, which was unchanged from December. A six-month supply is viewed as a healthy balance between supply and demand. The median price for a new home increased 7.5 percent to $312,900 in January from a year ago.

(Reporting by Lucia Mutikani; Editing by Paul Simao)