- Egypt: IP (Feb)
- US: Regional Payroll Employment (Mar)
- US: GDP by Industry (Q4)
- Realtors Confidence Index Survey (Mar)
- US: Existing Home Sales (Mar)
- Manufacturing Survey - Markit US (Flash - Mar), Composite and Services Survey - Markit US (Flash - Mar)
- Mexico: National Employment Survey(Mar)
- *Switzerland: House Price Index - Rebased to Q1-2000=100 (Q1)*
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller April 18, 2017
Housing starts during March declined 6.8% to 1.215 million (AR), and retraced all of February's increase to 1.303 million, revised from 1.288 million. Expectations had been for 1.256 million starts in the Action Economics Forecast Survey. Starts of single-family units retreated 6.2% to 821,000 and gave back most of February's increase to a ten-year high. Starts of multi-family homes declined 7.9% to 394,000, off 15.5% during the last three months.
By region, housing starts in the West retreated 16.0% (+9.2% y/y) to 284,000 and have been range-bound since October. Elsewhere in the country, starts in the South fell 2.9% (+19.4% y/y) to 645,000, but remained near the August 2007 high. Starts in the Midwest fell 16.4% (-2.5% y/y) to 155,000, the lowest level in six months. In the Northeast, starts increased 12.9% (-14.9% y/y) to 131,000, the highest level since October.
Building permits increased 3.6% (17.0% y/y) to 1.260 million and recovered from February's decline to 1.216 million units. Permits to build single-family homes eased 1.1% (+13.5% y/y), and have moved sideways for three months. Permits to build multi-family units increased 13.8% (24.1% y/y) to 437,000, but remained one-third below the June 2015 peak.
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)||Mar||Feb||Jan||Mar Y/Y %||2016||2015||2014|
|Starts By Region|