Global Macro Perspectives
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 Chart 2. U.S. Building Permits
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 Chart 2. U.S. Building Permits
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. […]
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 Chart 2. U.S. Building Permits