August Leading Index 0.2%% vs 0.4% Expected Sep 19, 2014 10:00AM

August Leading Index 0.2%% vs 0.4% Expected


Household Change in Net Worth 1.39 Trillion vs 1.49 Trillion Prior Sep 18, 2014 12:00PM

Household Change in Net Worth 1.39 Trillion vs 1.49 Trillion Prior


Natural Gas Inventory 90 bcf vs 91 bcf Expected Sep 18, 2014 10:31AM

Natural Gas Inventory 90 bcf vs 91 bcf Expected


Philadelphia Fed Business Outlook 22.5 vs 23 Expected Sep 18, 2014 10:00AM

Philadelphia Fed Business Outlook 22.5 vs 23 Expected


UPDATE: U.S. Housing Starts Miss Expectations at 956K in August (XHB) Sep 18, 2014 08:36AM

(Updated - September 18, 2014 8:36 AM EDT)

August Housing Starts 956K vs 1037K Expected, Down 14.4% MoM

UPDATE - More from the U.S. Dept. of Housing and Urban Development:

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for August 2014:

BUILDING PERMITS

Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 998,000. This is 5.6 percent (±1.4%) below the revised July rate of 1,057,000, but is 5.3 percent (±1.7%) above the August 2013 estimate of 948,000.

Single-family authorizations in August were at a rate of 626,000; this is 0.8 percent (±1.5%)* below the revised July figure of 631,000. Authorizations of units in buildings with five units or more were at a rate of 343,000 in August.

HOUSING STARTS

Privately-owned housing starts in August were at a seasonally adjusted annual rate of 956,000. This is 14.4 percent (±7.9%) below the revised July estimate of 1,117,000, but is 8.0 percent (±11.2%)* above the August 2013 rate of 885,000.

Single-family housing starts in August were at a rate of 643,000; this is 2.4 percent (±9.7%)* below the revised July figure of 659,000. The August rate for units in buildings with five units or more was 304,000.

HOUSING COMPLETIONS

Privately-owned housing completions in August were at a seasonally adjusted annual rate of 892,000. This is 3.2 percent (±13.0%)* above the revised July estimate of 864,000 and is 16.9 percent (±14.7%) above the August 2013 rate of 763,000.

Single-family housing completions in August were at a rate of 591,000; this is 8.2 percent (±9.7%)* below the revised July rate of 644,000. The August rate for units in buildings with five units or more was 292,000.

Traders are watching the following stocks and ETFs:

D.R. Horton, Inc. (NYSE: DHI)
Pulte Group (NYSE: PHM)
KB Home (NYSE: KBH)
Lennar Corp. Cl A (NYSE: LEN)
Hovnanian Enterprises Inc. Cl A (NYSE: HOV)
Standard Pacific Corp. (NYSE: SPF)
Toll Brothers, Inc. (NYSE: TOL)
Ryland Group, Inc. (NYSE: RYL)
Meritage Homes Corp. (NYSE: MTH)
Beazer Homes USA, Inc. (NYSE: BZH)
SPDR S&P Homebuilders ETF (NYSE: XHB)


More Economic Data

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Sep 18, 2014 08:32AM Initial Jobless Claims Rose to 280K Last Week, Coming in Below Expectations
Sep 18, 2014 08:36AM UPDATE: U.S. Housing Starts Miss Expectations at 956K in August (XHB)
Sep 18, 2014 08:32AM Initial Jobless Claims Rose to 280K Last Week, Coming in Below Expectations
Sep 18, 2014 07:27AM China Home Prices Continue Slump Through August (FXI)
Sep 17, 2014 10:36AM UPDATE: Crude Inventories Rose 3.67 Million Barrels
Sep 17, 2014 10:34AM NAHB Housing Market Index Rose to 59 in Sept.; Registeres Highest Reading Since Nov. 2005 (XHB)
Sep 17, 2014 10:36AM UPDATE: Crude Inventories Rose 3.67 Million Barrels
Sep 17, 2014 10:34AM NAHB Housing Market Index Rose to 59 in Sept.; Registeres Highest Reading Since Nov. 2005 (XHB)
Sep 17, 2014 08:31AM Q2 Current Account Balance -$98.5B vs -$113.4B Expected
Sep 17, 2014 08:30AM August MoM CPI -0.2% vs 0.0% Expected; Ex-Food, Energy 0.0% vs 0.2
Sep 17, 2014 07:00AM MBA Mortgage Applications 7.9% vs -7.2% Prior
Sep 16, 2014 04:01PM July Long-Term TIC Flows -$18.6B vs $25B Expected
Sep 16, 2014 08:30AM August MoM PPI 0.0% vs 0.0% Expected; Ex-Food and Energy 0.1% vs 0.1%
Sep 15, 2014 09:15AM August MoM Industrial Production -0.1% vs 0.3% Expected
Sep 15, 2014 08:30AM Sept. Empire Manufacturing 27.5 vs 16 Expected
Sep 12, 2014 01:04PM Baker Hughes Total Rig Count 1,931
Sep 12, 2014 09:55AM Prelim. UofM Consumer Sentiment at 84.6 in Sept.; Est. at 83.3
Sep 12, 2014 08:40AM Advance U.S. Retail Sales Rose 0.6% in August, Flat with Expectations (XRT)
Sep 12, 2014 08:40AM Advance U.S. Retail Sales Rose 0.6% in August, Flat with Expectations (XRT)
Sep 11, 2014 02:01PM August US Budget Statement -$128.7B vs $-130B Expected
Sep 11, 2014 10:30AM Natural Gas Inventory 92 bcf vs 84 bcf Expected
Sep 11, 2014 08:39AM Initial Jobless Claims Rose More than Expected to 315K Last Week; California, New York Led Gains
Sep 11, 2014 08:39AM Initial Jobless Claims Rose More than Expected to 315K Last Week; California, New York Led Gains
Sep 10, 2014 10:33AM UPDATE: Crude Inventory -972K Barrels vs -1M Expected
Sep 10, 2014 10:33AM UPDATE: Crude Inventory -972K Barrels vs -1M Expected
Sep 10, 2014 10:00AM July Wholesale Inventories MoM 0.1% vs 0.5% Expected
Sep 10, 2014 07:00AM MBA Mortgage Applications -7.2% vs 0.2%% Prior
Sep 8, 2014 03:00PM July Consumer Credit $26 Billion vs $17.35 Billion Expected
Sep 5, 2014 08:47AM Nonfarm Payrolls Rose 142K in August, Missing Expectations; Unemployment Rate Flat at 6.1%
Sep 5, 2014 08:47AM Nonfarm Payrolls Rose 142K in August, Missing Expectations; Unemployment Rate Flat at 6.1%
Sep 4, 2014 11:03AM UPDATE: Crude Inventory -905k Barrels vs -770K Expected
Sep 4, 2014 11:03AM UPDATE: Crude Inventory -905k Barrels vs -770K Expected
Sep 4, 2014 10:30AM Natural Gas Inventory 79 bcf vs 74 bcf Expected
Sep 4, 2014 10:00AM ISM Non-Manf 59.6 vs 57.7 Expected
Sep 4, 2014 09:45AM Markit US Services PMI 59.5 vs 58.5
Sep 4, 2014 08:30AM July Trade Balance -$40.5B vs -$42.4B Expected
Sep 4, 2014 08:30AM Initial Jobless Claims 302K vs 300K Expected
Sep 4, 2014 08:15AM ADP Reports 204K Nonfarm Payrolls Added in August, Lagging Views as Small Business Growth Ebbs
Sep 3, 2014 10:00AM July Factory Orders 10.5% vs 11% Expected
Sep 3, 2014 09:45AM ISM New York 57.1 vs 68.1 Prior
Sep 3, 2014 07:00AM MBA Mortgage Applications 0.2%% vs 2.8% Prior
Sep 2, 2014 10:18AM New Orders Growth Pushes Manufacturing ISM to Three-Year High
Sep 2, 2014 10:00AM July Construction Spending 1.8% vs 1% Expected
Sep 2, 2014 10:00AM ISM Manufacturing 59 vs 57 Expected
Sep 2, 2014 09:45AM Markit August US Manufacturing PMI 57.9 vs 58 Expected
Aug 29, 2014 09:55AM August University of Michigan Confidence 82.5 vs 80 Expected
Aug 29, 2014 09:45AM August Chicago Purchasing Manager 64.3 vs 56.5 Expected
Aug 29, 2014 09:05AM Personal Income Growth Slows in July Amid Drop in Expenditures
Aug 29, 2014 08:31AM Personal Income 0.2% vs 03% Expected; Spending -0.1% vs 0.2%
Aug 28, 2014 10:30AM Natural Gas Inventory 75 bcf vs 78 bcf Expected
View Older Stories