March 18, 2025 at 12:30PM
Prior month 1.366M revised to 1.350M
Housing starts vs 1.501m vs 1.380M estimate.
Prior month building permits 1.483M
Building permits 1.456M vs 1.453M estimate
Details from the US Census
Building Permits:
Total: 1.456 million (↓ 1.2% from January, ↓ 6.8% from Feb 2024)
Single-family: 992,000 (↓ 0.2% from January)
Multi-family (5+ units): 404,000
Housing Starts:
Total: 1.501 million (↑ 11.2% from January, ↓ 2.9% from Feb 2024)
Single-family: 1.108 million (↑ 11.4% from January)
Multi-family (5+ units): 370,000
Housing Completions:
Total: 1.592 million (↓ 4.0% from January, ↓ 6.2% from Feb 2024)
Single-family: 1.066 million (↑ 7.1% from January)
Multi-family (5+ units): 512,000
In other US data,
Import prices for February rose 0.4% versus -0.1% estimate. Prior month rose by 0.4%
export prices rose 0.1% versus -0.2% estimate. Last month export prices rose 1.3%
Import prices year on year are up 2.0% versus 1.6% expected
As the US situation unfolds, import prices will be eyed more closely.
This article was written by Greg Michalowski at www.forexlive.com.
