InvestorsHub Logo
Followers 11
Posts 2894
Boards Moderated 1
Alias Born 03/19/2007

Re: None

Friday, 06/16/2017 1:13:02 PM

Friday, June 16, 2017 1:13:02 PM

Post# of 19856
Housing starts disappoint for 2nd-straight month - fall to 8-month low

Jun. 16, 2017 8:47 AM ET|By: Stephen Alpher, SA News Editor

https://seekingalpha.com/news/3273990-housing-starts-disappoint-2nd-straight-month-fall-8-month-low

•May housing starts fell to a seasonally-adjusted annualized rate of 1.09M - down 5.5% from April, and well short of expectations for 1.23M.

•That rate is also down 2.4% on a year-over-year basis.

•Stripping out multifamily, single-family housing starts in May of 794K were down 3.9% M/M, and up 2.3% Y/Y.

•Building permits fell 4.9% M/M and 0.8% Y/Y to 1.168M.

•Full report

•Treasury yields have edged a hair lower since the print, with the 10-year yield now flat on the session at 2.16%. TLT, TBT both flat premarket


•Now read: Federal Reserve Watch: What's Important? »


•May housing starts fell to a seasonally-adjusted annualized rate of 1.09M - down 5.5% from April, and well short of expectations for 1.23M.

•That rate is also down 2.4% on a year-over-year basis.

•Stripping out multifamily, single-family housing starts in May of 794K were down 3.9% M/M, and up 2.3% Y/Y.

•Building permits fell 4.9% M/M and 0.8% Y/Y to 1.168M.

•Full report

•Treasury yields have edged a hair lower since the print, with the 10-year yield now flat on the session at 2.16%. TLT, TBT both flat premarket


•Now read: Federal Reserve Watch: What's Important? »
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.