- New Zealand: External Migration (Jan)
- Bangladesh: Monetary Survey (Dec), BOP (Nov), E-Banking and E-Commerce (Q4)
- France: Registered Unemployed & Job Vacancies (Jan)
- US: New Residential Sales (Jan)
- Consumer Sentiment Detail (Feb-final)
- Ireland: Personal Bankruptcies (Q4)
- more updates...
Economy in Brief
Italian Confidence Registers Split-Decision
In February, Italian consumer confidence trolled a five-month low while business confidence perked up...
U.S. FHFA House Price Measure Increases Steadily
The FHFA U.S. house price index rose 6.2% during all of 2016...
U.S. Initial Unemployment Insurance Applications Increase
Initial claims for unemployment insurance increased to 244,000 (-7.6% y/y) during the week ended February 18...
German GfK Confidence Will Step Back in March
Despite a coming setback to German confidence in March, the GfK look-ahead confidence reading remains strong...
U.S. Existing Home Sales Increase in January; Prices Slip
Sales of existing single-family homes increased 3.3% (3.8% y/y) to 5.690 million units (AR) during January...
U.S. Gasoline Prices Slip; Crude Oil Improves
Regular gasoline prices of $2.30 per gallon (+33.1% y/y) last week were down a penny from the prior week...
by Tom Moeller February 16, 2017
Housing starts during January declined 2.6% to 1.246 million (AR) from 1.279 million in December, revised from 1.226 million. Expectations had been for 1.215 million starts in the Action Economics Forecast Survey. Starts of single-family units increased 1.9% to 823,000 following two months of decline. Starts of multi-family homes declined 10.2% to 423,000 following a 45.8% jump.
By region, housing starts in the South jumped 20.0% to 690,000, the highest level since August 2007. Starts in the Northeast strengthened 55.4% to 143,000, the highest level in three months. Starts in the Midwest declined 17.9% to 188,000, the lowest level since September, while starts in the West plummeted 41.3% to 225,000, the lowest level since March 2015.
Building permits increased 4.6% to 1.285 million from 1.228 million. The latest level was the highest since November 2015. Permits to build single-family homes declined 2.7% (+11.1% y/y) to 808,000. Permits to build multi-family units increased 19.8% (3.5% y/y) to 477,000.
The housing starts and permits figures can be found in Haver's USECON database. The expectations figure is contained in the AS1REPNA database.
The Homeownership Gap Is Finally Closing from the Federal Reserve Bank of New York can be found here.
|Housing Starts (000s, SAAR)||Jan||Dec||Nov||Jan Y/Y %||2016||2015||2014|
|Starts By Region|