- Ireland: **CPI Rebased to Dec-2016=100 (Jan)**
- Finland: LFS, Vacancies (Jan); Sweden: Population (2016)
- Flash Surveys: Japan, France, Germany, Eurozone, US (Feb); Manufacturing Survey - US (Feb)
- Bahrain: CPI (Jan); Tunisia: Real GDP, Unemployment (Q4); South Africa: Leading Indicators (Dec); Oman: PPI (Q4); Kenya: Foreign Trade (Dec-Prelim)
- Luxembourg: Employment and Unemployment (Jan)
- Estonia: HICP (Jan); Lithuania: PPI (Jan); Macedonia: ODC
- more updates...
Economy in Brief
European PMI Data Rise and Create a Twist on a Theme
The manufacturing and service sectors both are showing lift in the Markit PMI framework in February...
U.S. Leading Economic Indicators Post Another Strong Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.6% during January (2.5% y/y)...
EMU Current Account Surplus Shrinks in December: Still Way Too Large
Germany, the largest EMU economy, has run nothing but current account surpluses since July 2001 with only two monthly exceptions...
U.S. Housing Starts Ease, But Permits Improve
Housing starts during January declined 2.6% to 1.246 million (AR) from 1.279 million in December...
Philadelphia Fed Factory Business Conditions Index Strengthens
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index jumped to 43.3 during February...
U.S. Initial Claims For Unemployment Insurance Rise Slightly
Initial claims for unemployment insurance increased to 239,000 (-8.1% y/y) during the week ended February 11...
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|