United States USD

United States Housing Starts

Impact:
High

Latest Release:

Date:
Surprise:
-0.063M
| USD
Actual:
1.307M
Forecast: 1.37M
Previous/Revision:
1.429M
Period: Aug

Next Release:

Date:
Forecast: 1.32M
Period: Sep
What Does It Measure?
The United States Housing Starts measures the number of new residential construction projects that have begun during a specified period, providing a vital snapshot of the housing market's health. It primarily focuses on production levels in the construction sector and the overall demand for housing, assessed using key indicators such as total starts, single-family and multi-family units.
Frequency
This economic event is reported monthly, with figures released on or about the 19th of each month; the data includes both preliminary and revised estimates to reflect any changes.
Why Do Traders Care?
Traders closely monitor Housing Starts as it is a strong indicator of economic health and future consumer spending, influencing markets including equities and bonds. Higher-than-expected housing starts are generally bullish for the US Dollar and stock markets, as they suggest a robust economy, while weaker results may indicate a slowdown.
What Is It Derived From?
Housing Starts data is derived from building permits issued and actual residential construction activity, typically collected through surveys of home builders and a systematic evaluation of regional construction projects. The statistics are reported as raw numbers and adjusted for seasonal variations to provide a clearer economic picture.
Description
Housing Starts reports preliminary data that represents early estimates based on initial project activity, with final data released later to reflect comprehensive counts. The month-over-month (MoM) reporting method allows for assessing immediate fluctuations in construction activity, which is crucial for identifying short-term shifts in the housing market.
Additional Notes
The Housing Starts indicator serves as a leading economic measure, often forecasting future economic activity linked to consumer confidence and employment levels. It is also closely watched in relation to other indicators such as building permits and existing home sales, allowing analysts to gauge the overall housing sector's trajectory.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.307M
1.37M
1.429M
-0.063M
1.428M
1.29M
1.358M
0.138M
1.321M
1.3M
1.263M
0.021M
1.256M
1.36M
1.392M
-0.104M
1.361M
1.37M
1.339M
-0.009M
1.324M
1.42M
1.494M
-0.096M
1.501M
1.38M
1.35M
0.121M
1.366M
1.4M
1.515M
-0.034M
1.499M
1.32M
1.294M
0.179M
1.289M
1.34M
1.312M
-0.051M
1.311M
1.33M
1.353M
-0.019M
1.354M
1.35M
1.361M
0.004M
1.356M
1.31M
1.237M
0.046M
1.238M
1.33M
1.329M
-0.092M
1.353M
1.3M
1.314M
0.053M
1.277M
1.37M
1.352M
-0.093M
1.36M
1.42M
1.287M
-0.06M
1.321M
1.48M
1.549M
-0.159M
1.521M
1.425M
1.374M
0.096M
1.331M
1.46M
1.562M
-0.129M
1.46M
1.426M
1.525M
0.034M
1.56M
1.36M
1.359M
0.2M
1.372M
1.35M
1.346M
0.022M
1.358M
1.38M
1.269M
-0.022M
1.283M
1.44M
1.447M
-0.157M
1.452M
1.448M
1.398M
0.004M
1.434M
1.48M
1.559M
-0.046M
1.631M
1.4M
1.34M
0.231M
1.401M
1.4M
1.371M
0.001M
1.42M
1.4M
1.432M
0.02M
1.45M
1.31M
1.321M
0.14M
1.309M
1.36M
1.371M
-0.051M
1.382M
1.359M
1.401M
0.023M
1.427M
1.4M
1.434M
0.027M
1.425M
1.41M
1.488M
0.015M
1.439M
1.475M
1.566M
-0.036M
1.575M
1.445M
1.404M
0.13M
1.446M
1.54M
1.599M
-0.094M
1.559M
1.58M
1.591M
-0.021M
1.549M
1.701M
1.81M
-0.152M
1.724M
1.765M
1.728M
-0.041M
1.793M
1.745M
1.788M
0.048M
1.769M
1.69M
1.657M
0.079M
1.638M
1.7M
1.708M
-0.062M
1.702M
1.65M
1.678M
0.052M
1.679M
1.568M
1.502M
0.111M
1.52M
1.576M
1.53M
-0.056M
1.555M
1.62M
1.58M
-0.065M
1.615M
1.555M
1.554M
0.06M
1.534M
1.6M
1.65M
-0.066M
1.643M
1.59M
1.546M
0.053M
1.572M
1.63M
1.517M
-0.058M
1.569M
1.71M
1.733M
-0.141M
1.739M
1.613M
1.457M
0.126M
1.421M
1.56M
1.584M
-0.139M
1.58M
1.658M
1.68M
-0.078M
1.669M
1.56M
1.578M
0.109M
1.547M
1.53M
1.528M
0.017M
1.53M
1.46M
1.459M
0.07M
1.415M
1.457M
1.388M
-0.042M
1.416M
1.478M
1.492M
-0.062M
1.496M
1.24M
1.22M
0.256M
1.186M
1.169M
1.011M
0.017M
0.974M
1.095M
0.934M
-0.121M
0.891M
0.927M
1.276M
-0.036M
1.216M
1.3M
1.564M
-0.084M
1.599M
1.5M
1.624M
0.099M
1.567M
1.425M
1.626M
0.142M
1.608M
1.375M
1.375M
0.233M
1.365M
1.345M
1.323M
0.02M
1.314M
1.32M
1.266M
-0.006M
1.256M
1.32M
1.386M
-0.064M
1.364M
1.25M
1.215M
0.114M
1.191M
1.257M
1.241M
-0.066M
1.253M
1.261M
1.265M
-0.008M
1.269M
1.239M
1.281M
0.03M
1.235M
1.205M
1.168M
0.03M
1.139M
1.23M
1.142M
-0.091M
1.162M
1.213M
1.273M
-0.051M
1.23M
1.197M
1.037M
0.033M
1.078M
1.25M
1.214M
-0.172M
1.256M
1.225M
1.217M
0.031M
1.228M
1.23M
1.21M
-0.002M
1.201M
1.22M
1.268M
-0.019M
1.282M
1.235M
1.174M
0.047M
1.168M
1.26M
1.158M
-0.092M
1.173M
1.32M
1.337M
-0.147M
1.35M
1.31M
1.286M
0.04M
1.287M
1.31M
1.336M
-0.023M
1.319M
1.26M
1.295M
0.059M
1.236M
1.29M
1.329M
-0.054M
1.326M
1.234M
1.209M
0.092M
1.192M
1.275M
1.299M
-0.083M
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