.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Thursday, November 17, 2016

Housing Starts During October 2016

The U.S. Commerce Department this morning released the Housing Starts report for October 2016:

---------------------------------------------------

Housing Starts:
Predicted: 1,168,000
Actual: 1,323,000

Change From Previous Month: +25.5%
Change From One Year Previous: +23.3%

---------------------------------------------------

Building Permits:
Predicted: 1,190,000
Actual: 1,229,000

Change From Previous Month: +0.3%
Change From One Year Previous: +4.6%

----------------------------------------------------

The above is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States,or about the American construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise --  and vice versa.

Click here to view the full Commerce Department report (PDF).

Labels: , ,


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

bing

bing

www.FedPrimeRate.com
Entire Website © 2024 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.