May 19: Housing Starts Fall to an all-time low

Housing Starts in April fell to an annual pace of 458,000, a new all time low, with the record previously held by January’s pace of 477,000, which is much less than expected (524,000 estimated).  Over the month, the figure fell by 12.8% from March’s revised pace of 525,000, and over the year the figure has tanked by 54.2% from the April 2008 pace of 1,001,000.  Housing Starts fell by 30.6% in the Northeast, down 21.4% in the Midwest, down 21.1% in the South, and up 42.5% in the West.  Building Permits also fell in April by 3.3% to 494,000 from the 511,000 revised pace in March.  Over the year, Building Permits fell by 50.2% from the 991,000 pace in April 2008. 

Upcoming Releases
FOMC Minutes (05/20 at 2:00 PM EST)
Initial Claims (05/21 at 8:30 AM EST)
Leading Indicators (05/21 at 10:00 AM EST)

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ECONOMIC HIGHLIGHTS ARCHIVE

Feb 9: Wholesale Inventories - Wholesale Inventories today at 10:00 AM EST

on February 9, 2010

Feb 5: Unemployment Down to 9.7% - Unemployment Rate decreases to 9.7%; Nonfarm Payrolls unchanged; Consumer Credit today at 3:00 PM EST

on February 5, 2010

Feb 4: Nonfarm Productivity Up - Weekly Initial Claims increase to 480,000; 4-week moving average increased; Nonfarm Productivity up 6.2% in the 4th quarter; Unit Labor Costs down 4.4% in the 3rd quarter; Factory Orders today at 10:00 AM EST

on February 4, 2010

Feb 3: ISM Services Up - ISM Services Index increased to 50.5; Crude Inventories today at 10:30 AM EST

on February 3, 2010

Feb 1: ISM Index at 6 Year High - Personal Income, Disposable Personal Income up 0.4%; Construction Spending down 1.2%; ISM Manufacturing Index at highest level since August 2004

on February 1, 2010

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