Thursday, December 15, 2016

Friday: Housing Starts

by Bill McBride on 12/15/2016 08:31:00 PM

Total housing starts this year are up 5.9% compared to the same period in 2015. Through October, there have been 999.6 thousand total starts compared to 943.7 thousand for the same period in 2015.

Single family starts are up 10.1% through October. and multi-family starts are down 1.8%.

In June 2015, I asked: Are Multi-Family Housing Starts near a peak?  That guess was based on demographics, and it looks like multi-family starts might have peaked that month (but are still solid).

Friday:
• At 8:30 AM, Housing Starts for November. Total housing starts increased to 1.323 million (SAAR) in October. Single family starts increased to 869 thousand SAAR in October. The consensus is for 1.230 million, down from the October rate.

• At 10:00 AM, Regional and State Employment and Unemployment (Monthly) for November 2016