- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller September 20, 2016
Housing starts fell 5.8% during August (+0.9% y/y) to 1.142 million following a 1.4% July increase to 1.212 million, revised from 1.211 million. It was the lowest level of starts in three months. Expectations were for 1.19 million starts in the Action Economics Forecast Survey.
Starts of single-family homes declined 6.0% (-1.2% y/y) to 722,000 following a 0.7% improvement. It was the lowest level of starts since October. Multi-family starts, which include apartments & condominiums, fell 5.4% (+4.7% y/y) to 420,000.
By region, starts were mixed last month. In the South, starts declined 14.8% (-13.1% y/y) to the lowest level since February. Elsewhere in the country, starts improved. In the Northeast, starts increased 7.6% (24.8% y/y) to the highest level since March. Starts in the Midwest rose 5.6% (17.1% y/y), but remained 19.0% below the February high. Starts in the West gained 1.8% (15.7% y/y) to the highest level in three months.
Permits to build a new home eased 0.4% last month (-2.3% y/y) to 1.139 million following a 0.8% dip. Permits to build single-family homes increased 3.7% (3.8% y/y) and reversed July's decline. Multi-family permits declined 7.2% (-11.8% y/y) to the lowest level since April.
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)||Aug||Jul||Jun||Aug Y/Y %||2015||2014||2013|
|Starts By Region|