U.S. Housing Starts and Building Permits Soar in June
July 17th, 2008
Due to a change in the housing code of New York City, U.S. housing starts came in above expectations at 1066k in June, a month- over-month rise of 9.1%, according to data released from the U.S. Department of Commerce on Tuesday morning. The consensus was looking for a decline to a level of 960k.
The previous month's 975k was revised to a level of 977k.
"New York City enacted a new set of construction codes effective for permits authorized as of...
See also:
- Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report (July 17th, 2008)
- U.S. Jobless Claims Rise to 366K in Week Ending July 12 (July 17th, 2008)
- Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages (July 17th, 2008)
- Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike (July 16th, 2008)
- Preview: Housing Starts Expected to Drop 15k in June (July 16th, 2008)