Posts Tagged U.S. Housing Starts
U.S. Housing Starts Rose 1.7% In July
Posted by Belisarius in U.S. Housing on August 17, 2010
U.S. housing starts in July rose 1.7% to 546.000 vs. revised (12.000 lower) 537.000 June reading. The consensus was at 560.000. Building permits in the same period rose 3.1% to 565.000.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
U.S. Housing Starts Fell 5.0% In June
Posted by Belisarius in U.S. Housing on July 20, 2010
U.S. housing starts were reported at 549.000 vs. revised 578.00 May reading. The consensus was at 577.000. Building permits in the same period rose 2.1% to 586.000.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
U.S. Housing Starts Fell 10.0% In May
Posted by Belisarius in U.S. Economic Data, U.S. Housing on June 16, 2010
U.S. housing starts were reported at 593.000 vs. revised 659.00 April reading. The consensus was at 648.000. Building permits in the same period fell 5.9% to 574.000.
Bad report.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
U.S. Housing Starts Rose 3.8% In April
Posted by Belisarius in U.S. Housing on May 18, 2010
U.S. housing starts were reported at 672.000 vs. 626.00 March reading. The consensus was at 650.000. Building permits in the same period fell 11.5% to 606.000.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
U.S. Housing Starts Rose 1.6% In March
Posted by Belisarius in U.S. Housing on April 16, 2010
U.S. housing starts were reported at 626.000 vs. revised 616.00 March reading (revised from 575.000???). The consensus was at 610.000. Building permits in the same period rose 7.5% to 685.000.
You can look the data from two standpoints: 1. The housing industry is recovering; or 2. They are adding additional supply to already oversupplied market.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
U.S. Housing Starts Declined 5.9% In February
Posted by Belisarius in U.S. Housing on March 17, 2010
U.S. housing starts came out at 575.000 vs. 565.000 consensus and 591.000 in January. Building permits in the same period fell 1.6% to 612.000.
The weather certainly played a role here, but nevertheless the data coming out on housing isn’t good.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
Citgroup Equity Offering Becoming A Correction Catalyst?
Posted by Belisarius in Markets, U.S. Housing on December 17, 2009
Asia closed negative today, Europe is trading also negative -0.5% on average.
After I started began to doubt my calls on TARP repayments as a potential correction catalyst the Citigroup equity offering has turn out to be full blown fiasco. The offering was priced yesterday at $3.15 per share, a 20+ percent lower the share was trading before the offering announcement. Treasury delayed sale of its stake because the $3.15 per share price is 10% lower from the price the Treasury acquired its stake. Bloomberg story: U.S. Delays Sale of Citigroup Stake as Shares Sell at Discount.
U.S. Housing – Strenght or a Relapse?
Posted by Belisarius in Markets, U.S. Housing on November 23, 2009
Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates.
Chart 1. Existing Home Sales
Source: Econoday
Looking back to the last’s week housing data it appears that the odds in favor of a relapse increased. Firstly, the National Association of Home Builders Housing Market Index was unchanged at 17 in November (the October figure was revised from 18 to 17). Looking at the graph, a clear gap between expectations component and the current components.
Housing And Currencies In Focus
Posted by Belisarius in Markets on October 20, 2009
Housing starts rose 0.5% in September to 590k units vs. 615k consensus representing 2.8% growth. August data was revised down from 598k units reported last month to 587k units. If we take this into account the consensus was projecting 4.7 increase; and the reported figure was 0.5%. Bloomberg link: Housing Starts in U.S. Increased Less Than Forecast.
Building permits also fell 1.2% to a 573k annual rate last month. They were forecast to climb to a 595k pace from 579,000 in August. The sluggish housing data continues.
Belisarius Recommends
