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Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Tom Moeller August 16, 2005
Housing starts remained firm last month at 2.042M units versus an upwardly revised 2.045M units in June.Consensus expectations had been for a slight decline to 2.025M starts.
Single-family starts nudged up 0.5% after a 1.2% decline in June. Single family starts in the Midwest rose 5.0% (0.6% y/y) and in the West rose 4.1% (-7.4% y/y). Single family starts in the Northeast starts fell 7.6% (+12.6% y/y) and in the South starts fell 1.5% (+9.0% y/y).
Multi family starts gave back half of the prior month's rise and fell 3.2%.
Building permits increased for the second consecutive month and rose 1.6%.
| Housing Starts (000s, AR) | July | June | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Total | 2,042 | 2,045 | 2.8% | 1,950 | 1,854 | 1,7 10 |
| Single-family | 1,711 | 1,703 | 3.0% | 1,604 | 1,505 | 1,363 |
| Multi-family | 331 | 342 | 1.8% | 345 | 349 | 347 |
| Building Permits | 2,167 | 2,132 | 2.5% | 2,058 | 1,8 88 | 1,749 |
