- 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 November 17, 2016
Housing starts increased 25.5% (23.3% y/y) during October to 1.323 million (AR) following a September decline to 1.054 million, revised from 1.047 million. It was the highest level of starts since August 2007. Expectations were for 1.155 million starts in the Action Economics Forecast Survey.
Starts of single-family homes increased 10.7% (21.7% y/y) to 869,000 from 785,000. It too was the highest level since 2007. Starts of multi-family units rebounded by more than two-thirds (26.5% y/y) to 454,000 from 269,000. It was the highest level since June of last year.
By region, starts in the Northeast jumped 44.8% (2.2% y/y) to 139,000 following a 28.4% drop. Starts in the Midwest increased 44.1% (24.4% y/y) to 219,000 after a 9.5% decline. Starts in the West improved 23.2% (40.2% y/y) to 345,000 after a 7.0% decline. Starts in the South gained 17.9% (20.4% y/y) to 620,000 following a 53.8% drop.
Building permits nudged 0.3% higher (4.6% y/y) to 1.229 million on the heels of a 6.3% rise. It was the highest level of permits since November. Single-family permits increased 2.7% (5.1% y/y) to 762,000, but multi-family permits declined 3.3% (+3.8% y/y) to 467,000.
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)||Oct||Sep||Aug||Oct Y/Y %||2015||2014||2013|
|Starts By Region|