US February housing starts 1.501M vs 1.380M estimate.

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<ul><li> Prior month 1.366M revised to 1.350M</li><li>Housing starts vs 1.501m vs 1.380M estimate. </li><li>Prior month building permits 1.483M </li><li style="">Building permits 1.456M vs 1.453M estimate</li></ul>Details from the US CensusBuilding Permits:<ul data-start="65" data-end="231"><li data-start="65" data-end="137">Total: 1.456 million (↓ 1.2% from January, ↓ 6.8% from Feb 2024)</li><li data-start="138" data-end="190">Single-family: 992,000 (↓ 0.2% from January)</li><li data-start="191" data-end="231">Multi-family (5+ units): 404,000</li></ul>Housing Starts:<ul data-start="255" data-end="429"><li data-start="255" data-end="328">Total: 1.501 million (↑ 11.2% from January, ↓ 2.9% from Feb 2024)</li><li data-start="329" data-end="388">Single-family: 1.108 million (↑ 11.4% from January)</li><li data-start="389" data-end="429">Multi-family (5+ units): 370,000</li></ul>Housing Completions:<ul data-start="458" data-end="630" data-is-only-node="" data-is-last-node=""><li data-start="458" data-end="530">Total: 1.592 million (↓ 4.0% from January, ↓ 6.2% from Feb 2024)</li><li data-start="531" data-end="589">Single-family: 1.066 million (↑ 7.1% from January)</li><li data-start="590" data-end="630" data-is-last-node="">Multi-family (5+ units): 512,000</li></ul>In other US data, <ul><li>Import prices for February rose 0.4% versus -0.1% estimate. Prior month rose by 0.4%</li><li>export prices rose 0.1% versus -0.2% estimate. Last month export prices rose 1.3%</li><li style="">Import prices year on year are up 2.0% versus 1.6% expected </li></ul>As the US situation unfolds, import prices will be eyed more closely.
This article was written by Greg Michalowski at www.forexlive.com.

US February housing starts 1.501M vs 1.380M estimate.

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US February housing starts 1.501M vs 1.380M estimate.

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Brokers

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