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Building Permits at an annual rate of 1.12 million

Tuesday, May 17 2016
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,116,000. This is 3.6% above the revised March rate of 1,077,000, but is 5.3% below the April 2015 estimate. Single-family authorizations in April were at a rate of 736,000; this is 1.5% above the revised March figure of 725,000. Authorizations of units in buildings with five units or more were at a rate of 348,000 in April.
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 6.6% above the revised March estimate of 1,099,000, but is 1.7% below the April 2015 rate of 1,192,000. Single-family housing starts in April were at a rate of 778,000; this is 3.3% above the revised March figure of 753,000. The April rate for units in buildings with five units or more was 373,000.
 
Euro is currently being traded few points above 1.1310 level, Sterling is around 1.4460 handle, while Aussie is at 0.73 area. Later today, Industrial Production figures are scheduled for a release.
More in this category: « UK CPI rose less than expected US CPI up by 0.4% »

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