U.S. Housing Starts Tumble 3.1% In October, More Than Expected

RTTNews | 683 hari yang lalu

(RTTNews) - New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.

The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.

Economists had expected housing starts to decrease by 1.8 percent to an annual rate of 1.330 million from the 1.354 million originally reported for the previous month.

"Housing starts were a touch weaker than expected in October as Hurricanes Helene and Milton dragged down starts in the South by more than we anticipated," said Nancy Vanden Houten, U.S. Lead Economist at Oxford Economics.

She added, "We do expect starts in the South to rebound as rebuilding in the areas most impacted by the storms gets underway."

The steep drop by housing starts came as single-family starts plummeted by 6.9 percent to an annual rate of 970,000.

The nosedive by single-family starts more than offset a surge by multi-family starts, which spiked by 9.7 percent to an annual rate of 341,000.

The Commerce Department said building permits also fell by 0.6 percent to an annual rate of 1.416 million in October after plunging by 3.1 percent to a revised rate of 1.425 million in September.

Building permits, an indicator of future housing demand, were expected to inch up by 0.1 percent to a rate of 1.430 million from the 1.428 million originally reported for the previous month.

While single-family permits rose by 0.5 percent to an annual rate of 968,000, multi-family permits tumbled by 3.0 percent to an annual rate of 448,000.

Tag: USD

baca selengkapnya

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

RTTNews | 1 hari yang lalu

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.

RTTNews | 1 hari yang lalu

U.S. Employment Rises Much Less Than Expected In September

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September.

RTTNews | 1 hari yang lalu

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.

RTTNews | 2 hari yang lalu

U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.

RTTNews | 2 hari yang lalu

U.S. Jobless Claims Unexpectedly Edge Down To 197,000

A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th. The Labor Department said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000.

RTTNews | 2 hari yang lalu

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 197,000

RTTNews | 2 hari yang lalu

Chicago Business Barometer Surges Back Into Expansionary Territory In September

A report released by MNI Indicators on Wednesday showed a substantial rebound by its reading on Chicago-area business activity in the month of September. MNI Indicators said its Chicago business barometer spiked to 58.8 in September from 47.1 in August, with a reading above 50 indicating growth. Economists had expected the index to jump to 51.0.

RTTNews | 3 hari yang lalu

EURUSD	1.1253	GBPUSD	1.3241
USDJPY	157.845	USDCAD	1.4248