Housing Starts During November 2016

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

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Housing Starts:
Predicted: 1,230,000
Actual: 1,090,000

Change From Previous Month: -18.7%
Change From One Year Previous: -6.9%

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Building Permits:
Predicted: 1,240,000
Actual: 1,201,000

Change From Previous Month: -4.7%
Change From One Year Previous: -6.6%

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Housing Starts: 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).

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