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The Week Ahead: Focus on Housing Starts

The U.S. Census Bureau will release its monthly housing starts survey on Friday, February 16, at 8:30 a.m. EST. The survey will reflect the commitment of builders to new construction activity and give an idea of housing demand and inventory supply in January 2018. The last housing starts survey was reported on January 18.

According to the statistics released in January for December 2017, housing starts in December were 2.8 percent above the same period in 2016. Single-family authorizations were at a rate of 881,000, 1.8 percent above the authorizations reported in November 2017. The report indicated that approximately 1.2 million housing units were authorized by building permits in 2017, reflecting a 4.7 percent increase above the figures recorded for 2016.

Here’s what else is scheduled for the week ahead:

  • Treasury Budget, Monday, 2 p.m. EST
  • Cleveland Fed Pres Loretta Mester speaks, Tuesday, 8 a.m. EST
  • MBA Mortgage Applications Survey, Wednesday, 7 a.m. EST
  • Consumer Price Index, Wednesday, 8:30 a.m. EST
  • Atlanta Fed Business Inflation Expectations, Wednesday, 10 a.m. EST
  • Jobless Claims, Thursday, 8:30 a.m. EST
  • Philadelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. EST
  • Housing Market Index, Thursday, 10 a.m. EST
  • Fed Balance Sheet, Thursday, 4:30 p.m. EST
  • Consumer Sentiment Survey, Friday, 10 a.m. EST

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.
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