Report
Data Round-Up: Single-Family Housing Starts Post Impressive Trend Gain
posted by Michael Lewis on July 19, 2016
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Headline
Single-family starts, the more economically-sensitive component, accounted for the majority of the June increase. They are up a very impressive +15% for 2016 to date vs. the first six months of 2015.
Abstract
Housing starts were up nicely in June, reaching 1.189 mm units (seasonally-adjusted at annual rate) from a downwardly-revised 1.135 mm units in May; this +4.8% gain was well above the consensus estimate. For 2016 to date, total starts are up a solid +8% vs. the same period in 2015.About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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