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Building Permits and Housing Starts in line with market forecasts

Wednesday, Feb 18 2015

Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,053,000, slightly below market forecast of 1,070,000. This is 0.7% below the revised December rate of 1,060,000, but is 8.1% above the January 2014 estimate of 974,000. Single-family authorizations in January were at a rate of 654,000; this is 3.1% below the revised December figure of 675,000. Authorizations of units in buildings with five units or more were at a rate of 372,000 in January.

Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,065,000, in line with market predictions. This is 2.0% below the revised December estimate of 1,087,000, but is 18.7% above the January 2014 rate of 897,000.Single-family housing starts in January were at a rate of 678,000; this is 6.7% below the revised December figure of 727,000. The January rate for units in buildings with five units or more was 381,000.

 

Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1260 level, Sterling is around 1.5420 area, while Aussie is slightly below 0.78 handle. Later today, Industrial Production figures and FOMC Meeting Minutes are scheduled for a release.

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