US: Housing starts rose 18.6% in January vs 9.9% expected

Eren Sengezer FXStreet

"Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,230,000," the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on Friday.

Key takeaways from the press release

This is 18.6 percent above the revised December estimate of 1,037,000, but is 7.8 percent below the January 2018 rate of 1,334,000.
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,345,000.
- This is 1.4 percent above the revised December rate of 1,326,000, but is 1.5 percent below the January 2018 rate of 1,366,000.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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