USA Housing Starts

Description

Released on a monthly basis by the Commerce Department, data on housing starts monitor new construction projects for single-family homes and multi-dwelling units in the United States. Because housing represents an important segment of the US economy, this indicator impacts other industries such as banking (e.g. mortgages), employment, construction and manufacturing.
Latest Release: 16-12-2014 13:30:00
Next Release: 26-11-2013 13:30:00
Source:US Census Bureau/Department of Comm...
US New Home Sales Surge 18% in August
Sep 24th, 2014 at 03:53 PM

The sale of new US homes surged in August, raising optimism the housing recovery was gathering momentum in the third quarter following a series of mixed reports.

New US home sales rose 18 percent in August to a seasonally adjusted annual rate of 504,000, following a gain of 1.9 percent that was initially reported as a decline, the Commerce Department reported today in Washington. A median estimate of economists called for a gain to 430,000. New home sales had risen to 427,000 in July, up from an initial estimate of 412,000.

The August gain sent new house prices to their highest level in more than six years, official data showed. It was also the biggest single-month gain since 1992.

Compared to August 2013, new home sales were up a staggering 33 percent.

The median sale price of a new home in June was $275,600, while the average sales price was $347,900.

On a seasonally adjusted basis, there were 203,000 new homes for sale at the end of August. At the current sales rate, this represents a supply of 4.8 months.

New home sales were up in three of the four US regions, official data showed. Sales in the West surged 50 percent from July. Year-on-year, sales in the West were up 84.3 percent. Sales in the Northeast increased 29.2 percent from the previous month. Year-on-year, sales in the Northeast were down 3.1 percent. New home sales...

  • Forex » Canadian Dollar Rallies, Poised for Weekly Gain...
    Posted Sep 19th, 2014 at 07:12 PM

    The Canadian dollar climbed for the fourth time in five days against its US counterpart, as core Canadian inflation rose faster than forecast in August, while a dearth of economic data in the United...

  • Forex » US housing starts, building permits tumble more...
    Posted Sep 18th, 2014 at 01:16 PM

    US housing starts and building permits moderated more than expected in August, tempering expectations for a broad pick-up in residential real estate activity. Groundbreaking for new homes...

  • Business » US Builder Confidence Climbs to Highest Level...
    Posted Sep 17th, 2014 at 11:47 PM

    US homebuilder confidence reached its pre-recession high in September, as a rapidly improving labour market continued to support expectations for a broad rebound in housing activity. The housing...

  • Forex » US Dollar Index Touches 83.00
    Posted Sep 2nd, 2014 at 05:18 PM

    The US dollar index resumed its upward climb on Tuesday, setting fresh one-year highs on the strength of manufacturing and construction data. The US dollar index, a weighted average of the...

  • Business » US Pending Home Sales Rebound in July: NAR
    Posted Aug 28th, 2014 at 05:41 PM

    Contracts to buy existing homes rebounded in July, adding to the view the US housing sector was slowly emerging from a rough patch at the start of the third quarter. The pending home sales index...

  • Business » US New Home Sales Decline Further in July
    Posted Aug 25th, 2014 at 03:57 PM

    The sale of new US homes declined unexpectedly in July, tempering expectations about a broad rebound in the housing sector at the start of the third quarter. New US home sales declined 2.4...

  • Business » US Existing Home Rise Unexpectedly in July: NAR
    Posted Aug 21st, 2014 at 05:59 PM

    The sale of previously-owned US homes rose unexpectedly in July to their highest level this year, supporting the view the housing market was finally gaining traction at the start of the third...

  • Forex » US Dollar Index Hits 82.00
    Posted Aug 20th, 2014 at 04:34 PM

    The US dollar strengthened to its highest level in almost a year on Wednesday, as investors anticipated a hawkish reading of the July Federal Open Market Committee policy meetings. The US dollar...

  • Analysis and Opinion » Euro Breaks Through Support; Negative Momentum...
    Posted Aug 20th, 2014 at 10:55 AM

    The EUR/USD notched up an 11-month low of 1.3285 after breaching 1.3300 and last November's 1.3295 low. The dollar is buoyed following stronger than expected U.S. housing starts data on Tuesday,...

  • Forex » EUR/USD Tests New Lows
    Posted Aug 19th, 2014 at 08:16 PM

    The euro fell to fresh lows against the US dollar on Tuesday, as economic data continued to bolster the greenback amid a quiet release schedule in the Eurozone. The EUR/USD tumbled for the second...