U.S. housing starts surged by 15.0% to 872,000 units in September. It was much stronger than the 770,000 expected by consensus and comes after the prior month was upwardly revised to a 758,000 unit rate (was 750,000 units). Both components were stronger. Single-family starts jumped by 11.0% over August, while multi-family starts surged by 25.1% month-over-month in September. Building permits also bounced by 11.6% month-over-month to 894,000 units in September. That indicates the strong construction readings will continue for a few more months, another good sign for housing. Overall, a strong report that will likely provide upside pressure to both equities and bond yields today.
- Housing Data►
- Economic Data►
- S&P/Case-Shiller Indices
- Financial Markets►
- Housing Finance & Policy
- Asia-Pacific Market
- David Blitzer on Has Housing Peaked?
- Paul Jeffery on Has Housing Peaked?
- Real Estate Investing News This Week 2013-10-12 on Mortgage Application Shifts
- Today’s Housing Market Still Looks Good on Bubble Trouble?
- Shadow Inventory Still High | Real Estate in Southwest Arizona on First-Quarter 2012 Shadow Inventory Update: National Liquidation Rates Moderate, While Regional Differences Widen
10-City Composite 20-City Composite Atlanta Boston Chicago Credit Default Indices Dallas David Blitzer Detroit Economy and Real Estate Experian home prices Las Vegas latest results Los Angeles Miami mortgages MSAs New York Phoenix residential real estate S&P/Case-Shiller S&P/Case-Shiller Home Price Indices report San Francisco Tampa US Housing Prices