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Beth Ann Bovino

Senior Economist
Standard & Poor’s Ratings Services
Biography

Beth Ann Bovino is a senior economist at Standard & Poor’s, based in New York. In this position, she works with David Wyss, the chief economist, on S&P’s economic forecasts and publications, and co-authors the Monthly Forecast Report, The Quarterly U.S. Risks To The Forecast Report, Weekly Financial Notes and Weekly Economics Call. Beth Ann has created Industry Drivers reports for analyst research. She is quoted regularly in the press and has appeared on many major television programs. Further, she has written many articles for popular and professional publications.

Prior to joining Standard and Poor’s in February 2004, Beth Ann spent over ten years doing economic and market research with Sungard Institutional Brokerage, UBS Warburg, and the Federal Reserve. Beth Ann holds a PhD in Economics from Columbia University, a Master’s in International and Development Economics from Yale University, and a BS in Economics from the Wharton School at the University of Pennsylvania.

Author Archives: Beth Ann Bovino

Housing Starts Rebounded 2.6% To 717,000 In April

Housing starts rebounded by 2.6% to 717,000 units in April, which was much stronger than the 679,000 expected by consensus. It also comes after the prior month was upwardly revised to a 699,000 units in March (was 654,000 units). Single-family starts rose by 2.3% to 492,000 units starts, while multi-family starts rebounded by 4.3% to [...]

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U.S. Home Builder Sentiment Rises 5 Points In May

The National Association of Home Builders (NAHB)/Wells Fargo housing market index rose to 29 points, the strongest reading since May 2007, from 24 in April. In May, three out of four regions posted improving builder sentiment. The Northeast registered a 6-point gain to 32, and the data showed 5-point gains to 27 and 28 in [...]

Posted in Economic Data, Homebuilders | Tagged | 1 Comment

March U.S. Construction Spending Inches Up 0.1%

March U.S. construction spending rose 0.1% month-over-month, which was much weaker than the 0.4% increase expected by consensus. It also comes after February was revised downward to a 1.4% drop (previously down 1.1%). Residential spending rose 0.7% in March, after falling 2.2% in February. Nonresidential spending also rose 0.7% after a 1.7% drop in February [...]

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Economic Update: Still Looking For a Bounce

This week showed that housing starts tumbled in March. The surprise in the report was a hefty drop in multi-family home construction. And to add more fuel to housing market worries, builder confidence for April fell three notches from the March level. But although U.S. consumers aren’t buying up homes in large numbers right now, [...]

Posted in Construction, Economic Data, Uncategorized | Tagged | Leave a comment

Economic Update: Feb. U.S. Construction Spending Declined 1.1%

February U.S. construction spending fell 1.1% month-over-month, which was much weaker than the 0.7% increase expected by consensus. I also comes after January was revised downward to a 0.8 drop (previously down 0.1%). Residential spending was flat in February, after January was revised down to a 0.1% drop (was up 1.6%). Nonresidential spending fell another [...]

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Economic Update: Not Quite So Bright

Click below to watch this weeks Economic Update. Topics include the housing sector, home prices, and initial jobless claims data. In February, both existing and new home sales tumbled. Adding to this lackluster performance, January home prices fell yet again to a new record low, according to the S&P/Case-Shiller 20-city home price index, so the [...]

Posted in Economic Data, Housing Data | Tagged | 1 Comment

Economic Update: U.S. New Home Sales Fell 1.6% in February

U.S. new home sales fell 1.6% in February to a 313,000 units pace. The reading was weaker than the 325,000 units expected by consensus and comes after January was revised down to a 318,000 unit pace (was 321,000), though at least December was revised up to a 336,000 unit pace (was 324,000). In contrast to [...]

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Existing Home Sales Fell 0.9% to 4.59 Million in February

U.S. existing home sales fell 0.9% to 4.59 million units in February, below the 4.61 million units expected by consensus. However, it comes after January was upwardly revised to a 5.7% increase to 4.63 million units (previously 4.57 million), to take away some of the sting. the 1.0% drop in single-family sales explain the overall [...]

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U.S. Housing Starts Fell 1.1% to 698,000 in February

U.S. housing starts fell 1.1% to 698,000 units in February, in line with the 697.000 units expected by consensus though stronger than our 690,000 reading. However, it comes after January starts were upwardly revised from a 699,000 pace to a three-year high of 706,000 units started. Building permits also jumped 5.1% to a 717,000 unit [...]

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U.S. Construction Spending Fell 0.1% In January

January U.S. construction spending fell 0.1% over December, which was much weaker than the 0.8% gain expected by consensus, which is the first decline in six months. On a year-over-year basis, construction spending is up 7.1% over last January. The decline comes after strong readings the prior two months. December jumped 1.4% (revised from a [...]

Posted in Economic Data, Housing Data | Tagged | Leave a comment
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