Housing Starts Down and Building Permits Up in July

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Economic Update: Housing Starts and Building Permits

Housing Starts in July were reported at an annualized rate of 746K, which was down -1.1% from ’s reading and above the consensus for 738K.

The June number was revised lower to an annualized rate of 754K from 760K (May: 711K, April: 721K, March: 699K, February: 694K, January: 706K)

Building Permits for July rose to a rate of 812K in July. This is up 6.8% from June’s unrevised 760K and was above the consensus of 761K (May: 755, April: 723K, March: 769K, February: 747K, January: 682K).

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Other stories on the US Economy to review:

• Industrial Production, Capacity Utilization Up in July
  
• Empire Manufacturing Dives in August
  
• CPI Remained Flat in July
  
• Retail Sales Rebound in July
  
• PPI Hotter Than Expected in July
  
• NFIB Small Business Optimism Sags
  
• Wholesale Inventories Decline - And Yes, you should Care
  
• Q2 Worker Productivity and Labor Costs Rise
  
• ISM Services Perks Up
  
• Job Growth Improves in July
  
• Factory Orders Miss Mark in June
  
• Challenger Planned Job Cuts Drop in July
  
• ISM Manufacturing Still Sub-50 in July
  
• ADP Employment Report Surprises to Upside in July
  
• Consumer Confidence Perks Up in July, But...
  
• Chicago PMI Headline BTE, But Employment Dives
  
• Personal Income Up, Spending Flat in June
  
• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders
  
• Markit's Flash Manufacturing PMI Weakest in 19 Months
  
• Philly Fed Down Again in July
  
• LEI Falls Again in June
  
• Existing Home Sales Fall in June

  SPDR S&P Homebuilders Last 12 Months

 

 

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