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Economic Data (USA)

Sunday, January 22, 2006

Housing Starts in December 2005

The numbers for December, 2005 Housing Starts are out:

Consensus: 2,050,000
Actual: 1,933,000

The above is a measure of initial construction of single and multi-family residential units in The United States. The "consensus" is what economists were expecting, while the "actual" is the actual figure.

When housing starts are up, demand for the stuff that a consumer would buy for a new home (large appliances, furniture, etc.) also rises.

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