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The Week Ahead: Focus on Housing Starts

In a market that’s facing a shortage of housing inventory, the monthly housing starts data, which will be released by the Census Bureau and the U.S. Department of Housing and Urban Development (HUD) on Wednesday, May 16, at 8:30 a.m. EST, becomes all the more important to gauge housing trends and availability of homes for sale.

The report provides national and regional data on the number of new housing units authorized by building permits; authorized but not started, started but not under construction, under construction, and completed homes.

In March, the previous report indicated, housing starts were up 1.9 percent over the previous month and were 10.9 percent above the same period in 2017. However, for single-family homes, starts were down 3.7 percent from February at 867,000. The data which also looks at housing completions showed that single-family homes were 4.7 percent below the prior month at 840,000 and were 5.1 percent below February overall at around 1.2 million completions.

Here’s what else is in store for The Week Ahead:

  • Redbook Release, Tuesday, 8.55 a.m. EST
  • Housing Market Index, Tuesday, 10 a.m. EST
  • MBA Mortgage Apps, Wednesday 7 a.m. EST
  • Philadelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. EST
  • Fed Balance Sheet, Thursday, 4:30 p.m. EST

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she 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 Houston, Texas.
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