- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
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|