Housing Starts and Building Permits Mixed in June

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Economic Update: Housing Starts and Building Permits

Housing Starts in June were reported at an annualized rate of 760K, which was up +6.9% from May’s reading and above the consensus for 738K.

The May number was revised higher to an annualized rate of 711K from 708K (April: 721K, March: 699K, February: 694K, January: 706K)

Building Permits for May fell to a rate of 755K in June. This is down -3.7% from May’s revised 784K and was below the consensus of 763K (April: 723K, March: 769K, February: 747K, January: 682K).

Is this report a market mover? Does it affect our short-term trading strategy? < Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.

Other stories on the US Economy to review:

• Industrial Production Above, Capacity Utilization Below Expectations
  
• CPI Shows Inflation Flat in June
  
• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June

  SPDR S&P Homebuilders Last 12 Months

 

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.