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US February housing starts fell more than expected to 1236K vs 1290K expected, a fall of 7% vs a fall of 2.7% expected. Housing numbers have been falling for a few months after a big jump in 2017 and the Fed rising rates. Permits were also weaker.

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February 2018 US Housing Starts

  • Starts 1236k vs 1290k expected, Prior 1326K (revised to 1329K)
  • Starts down 7.0% m/m vs -2.7% expected
  • Building permits 1298K vs 1320K expected Prior permits 1396K (revised to 1377K)
  • Permits -5.7% vs -4.1% exp 

From The TradersCommunity News Desk

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