Big housing starts beat has homebuilders higher


Housing starts in July of 1.093M were 15.7% above the revised June estimate of 945K and 21.7 above the year-ago level. Single-family starts of 656K were 8.3% above June's revised level of 606K.

Building permits of 1.052M were up 8.1% M/M and 7.7% Y/Y. Single-family permits of 640K gained 0.9% from June.

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The homebuilder ETFs are on the move, with ITB +1.3% and XHB +1.6%  premarket.

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Comments (1)
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    2.2 Million in 2006, 2.3 in 1983, 2.5 million in 73 and 74. Today 1M is a "big housing starts beat" http://bit.ly/1oNezWk
    19 Aug 2014, 08:45 AM Reply Like
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