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Economic Data (USA)

Thursday, February 16, 2006

Housing Starts in January of 2006

The U.S. Commerce Department has released their monthly Housing Starts report for January, 2006:

Consensus: 2,000,000
Actual: 2,276,000

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 purchase for a new home (large appliances, furniture, etc.) tends to also rise--and vice versa.

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