US Housing Starts
It's a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder;
While this is monthly data, it's reported in an annualized format (monthly figure x12). This data is slightly overshadowed by Building Permits because they are tightly correlated and a permit must be issued before a house can begin construction;
- US Housing Starts Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Dec 18, 2024 | 1.29M | 1.35M | 1.31M |
| Nov 19, 2024 | 1.31M | 1.34M | 1.35M |
| Oct 18, 2024 | 1.35M | 1.35M | 1.36M |
| Sep 18, 2024 | 1.36M | 1.31M | 1.24M |
| Aug 16, 2024 | 1.24M | 1.34M | 1.33M |
| Jul 17, 2024 | 1.35M | 1.30M | 1.31M |
| Jun 20, 2024 | 1.28M | 1.37M | 1.35M |
| May 16, 2024 | 1.36M | 1.42M | 1.29M |
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- US Housing Starts News
From bnnbloomberg.ca|Dec 18, 2024US new-home construction unexpectedly fell in November as a drop in multifamily projects mitigated a rebound in starts of single-family houses, solely in the storm-ravaged South. Housing starts decreased 1.8% to an annualized rate of 1.29 million, the slowest since July, according to government data released Wednesday. The median forecast was for a 1.35 million pace. Starts of single-family homes rose 6.4% to an annualized rate of 1.01 million while new construction of multifamily projects decreased more than 23%. The pickup in ...
From census.gov|Dec 18, 2024|1 commentThe U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2024: charts Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,505,000. This is 6.1 percent above the revised October rate of 1,419,000, but is 0.2 percent below the November 2023 rate of 1,508,000. Single-family authorizations in November were at a rate of 972,000; this is 0.1 percent above the ...
From census.gov|Nov 19, 2024The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2024: tables Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,416,000. This is 0.6 percent below the revised September rate of 1,425,000 and is 7.7 percent below the October 2023 rate of 1,534,000. Single-family authorizations in October were at a rate of 968,000; this is 0.5 percent above the revised ...
- From census.gov|Oct 18, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for September 2024: table Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,428,000. This is 2.9 percent below the revised August rate of 1,470,000 and is 5.7 percent below the September 2023 rate of 1,515,000. Single-family authorizations in September were at a rate of 970,000; this is 0.3 percent above the ...
From raymondjames.com|Sep 20, 2024After more than six months of indicating that it lacked conviction regarding the path of inflation, the Federal Reserve (Fed) seems to have gotten a conviction boost so large that it pushed it to lower the federal funds rate by 50 basis points at the September Federal Open Market Committee (FOMC) meeting. This garnered cheers from markets but also generated the first dissent from a member of the Federal Reserve Board of Governors since 2005, who preferred to start the easing cycle with a more moderate cut of 25 basis points. The FOMC ...
From bnnbloomberg.ca|Sep 18, 2024US housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs. Beginning home construction increased 9.6% last month to a 1.36 million annualized rate, the fastest since April, according to government figures released Wednesday. The median estimate of economists surveyed by Bloomberg called for a 1.32 million rate. The report showed overall building permits, a gauge of future ...
- From census.gov|Sep 18, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2024. Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,475,000. This is 4.9 percent above the revised July rate of 1,406,000, but is 6.5 percent below the August 2023 rate of 1,578,000. Single-family authorizations in August were at a rate of 967,000; this is 2.8 percent above the revised July figure of ...
From youtube.com/cmegroup|Aug 16, 2024Gold breaks records for all-time high and closing price. Bob Iaccino has more.
| Released on Dec 18, 2024 |
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| Released on Nov 19, 2024 |
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| Released on Oct 18, 2024 |
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| Released on Sep 18, 2024 |
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| Released on Aug 16, 2024 |
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