Details of the May 2016 US housing starts and building permits data report 17 June 2016
- Prior 1.172m. Revised to 1.167m
- Building permits 1.138m vs 1.150m exp. Prior 1.130m
Starts don't drop as much as expected and permits miss but gain from last month. Single family homes form the biggest part of housing and that rose 0.3%.
In the real world this report isn't anything bad but in this world of Fed data watching they'd want to see it keep gaining. They don't have the luxury to see falling numbers in any sector.
US housing starts & building permits