Housing - gaining some momentum or bouncing around attempting to find equallbrium....
Housing starts for the month of February rose from 910k to 917k.
The January data was also revised higher from 890k to 910k.
This still represents a mild pull-back from the big December report but, at the same time, shows continued improvement.
February’s 917k housing starts is the second highest pace of new starts since 2008, only lower than December’s 982k.
Also encouraging is the February building permits report which shows 946k permits filed, up from 904k in January. This is the largest number of permits filed in any month since 2008.
The March NAHB Housing Market Index, released yesterday, fell from 46 to 44 on a downturn in expectations about present sales. Expectations for future sales inched higher along with foot traffic from prospective buyers. The rapid gains in homebuilder sentiment have stalled out over the past three to four months.
The March NAHB Housing Market Index, released yesterday, fell from 46 to 44 on a downturn in expectations about present sales. Expectations for future sales inched higher along with foot traffic from prospective buyers. The rapid gains in homebuilder sentiment have stalled out over the past three to four months.
While the underlying trends in housing continue to improve, there is a bit of a slowdown in the offing.
Date/Time(Central)
|
Indicator
|
Period
|
Est.
|
Actual
|
Prior
|
Revised
|
3/19/2013 7:30 AM
|
Housing Starts
|
FEB
|
915K
|
917K
|
890K
|
910K
|
3/19/2013 7:30 AM
|
Building Permits
|
FEB
|
925K
|
946K
|
925K
|
904K
|
The Market Today ONLINE
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