Housing Starts Smash Expectations With 15% Jump

suburbs housing california

Photo: Randy Son Of Robert, Flickr

Update:More signs of life in housing!

Housing starts jumped 15% to an annualized rate of 658K vs. expectations of 590K.

Again, super-anemic, but when you combine this with the jump in optimism for homebuilders, you might be able to detect a pulse.

 

Original post: The big econ data of the day…

CPI is expected to grow by 0.3% on the headline and 0.2% when you strip out food and energy. Bear in mind that yesterday’s PPI came in way hotter than expectations at 0.8%.

Meanwhile, we’ll see if there’s any life in moribund housing starts, which are expected to come in at an annualized rate of 590K vs 571K estimates.

Both numbers out at 8:30.

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