Keeping you up to date on the latest data releases.
- Housing Starts
In August, the groundbreaking of new single-family homes rose 7.0 percent and 16.9 percent annually to a seasonally-adjusted annualized rate of 628,000 units started. While this figure was slightly below consensus expectations due to a downward revision to July’s estimate, this was the highest level of housing starts since February. Regionally, all areas posted positive growth rates on both a monthly and annual basis, with the West leading both. The authorization of single-family housing units was up 3.0 percent for the month and 20.6 percent over the past 12 months to a seasonally-adjusted annualized rate of 627,000 units authorized, the highest level since May 2008.