Back
19 May 2015
US housing starts and building permits data preview – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team previews the US data releases today – US housing starts and building permits, noting that consensus expects both to stage a recovery.
Key Quotes
“The North American session features April housing starts and permits. This sector had been undermined by the weather, especially in the February. A small recovery was seen in March, and a stronger recovery is expected in April.”
“Permits, a leading indicator, have held up better. The Q1 monthly average was 1068. The Q4 14 monthly average was 1070. The consensus expects April permits to have risen to 1064.”
“That said, the economic bounce back in Q2 has thus far not been very impressive, and not on par with last year’s recovery after the Q1 contraction.”
Key Quotes
“The North American session features April housing starts and permits. This sector had been undermined by the weather, especially in the February. A small recovery was seen in March, and a stronger recovery is expected in April.”
“Permits, a leading indicator, have held up better. The Q1 monthly average was 1068. The Q4 14 monthly average was 1070. The consensus expects April permits to have risen to 1064.”
“That said, the economic bounce back in Q2 has thus far not been very impressive, and not on par with last year’s recovery after the Q1 contraction.”