U.S. Housing Starts U.S. Housing Starts
Rep: 1,460m ✅Higher Than Expected ✅
Exp: 1.426m
Prev: 1.525m (revised down from 1.560m)
The chart illustrates that we are on a long term uptrend since April 2009 and this looks like a pull back similar to the pull back from 1998 - 2000 but on a large scale.
If we lose the diagonal support I think this would show a real shift in the structure and trend.
What’s included in U.S. Housing Starts?
U.S. Housing Starts refer to the number of new residential construction projects on which construction has begun during a specific period, usually reported on a monthly basis. The data includes Single-Family homes, Multifamily homes (apartments), Building Permits (houses approved with construction not necessarily started by likely imminent) and house build completions.
HAVE A FUPPIN GREAT DAY
PUKA
