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Economy in Brief
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PMIs largely are improving in February...
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Chicago Business Barometer Declines Sharply in February
The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February to 59.5...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 |