8:30a Housing Starts
Starts - Level - SAAR 1.314M actual vs 1.266M (rev) prior
Permits - Level - SAAR 1.461M actual vs 1.391M (rev) prior
Consensus Outlook
Starts and permits have been volatile month-to-month but have been showing accelerating trends for single-family homes. Starts in October are expected to come in at a 1.320 million annual pace, sharply higher than September's 1.256 million. The consensus for permits is pointing to a slight decline, at 1.378 million versus 1.391 million in August (revised from an initial 1.386 million).
Definition
A housing start is registered at the start of construction of a new building intended primarily as a residential building. The start of construction is defined as the beginning of excavation of the foundation for the building.
8:55a Redbook Chain Store Sales
Store Sales Y/Y change 4.1% actual vs 5.0%% prior
Definition
A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report, produced by Redbook Research, offers early indications on ex-auto ex-gas retail sales.
Dan