- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller August 16, 2016
Housing starts increased 2.1% during July to 1.211 million units (SAAR) from 1.186 million in June, revised from 1.189 million. It was the highest level since February and 5.6% higher than one year earlier. Expectations were for 1.18 million starts in the Action Economics Forecast Survey.
Starts of single-family homes gained 0.5% (1.3% y/y) to 770,000 following a 3.9% rise. Multi-family starts, which include apartments & condominiums, increased 5.0% (14.0% y/y) to 441,000, the third rise in four months.
By region, starts were generally improved last month. In the Northeast, starts increased 15.5% (-15.7% y/y) to the highest level since March. Starts in the South rose 3.5% (11.1% y/y) to the strongest point since September. Starts in the Midwest improved 2.3% (2.3% y/y) after sharp declines in three of the prior four months. To the downside, starts in the West were off 5.9% (+9.1% y/y) following strong increases in the prior two months.
Permits to build a new home were little changed last month (+0.9% y/y) at 1.152 million following a 1.5% rise. Permits to build single-family homes decreased 3.7% (+2.4% y/y) while multi-family permits increased 6.3% (-1.6% y/y).
The housing starts and permits figures can be found in Haver's USECON database. The expectations figure is contained in the AS1REPNA database.
|Housing Starts (000s, SAAR)||Jul||Jun||May||Jul Y/Y %||2015||2014||2013|
|Starts By Region|