U.S. ECO PREVIEW: Housing Starts, Claims Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Housing starts seen rising 9% in December to 1.188m annual rate (forecast range 1.090m to 1.310m); starts pace rose 27.4% in October, fell 18.7% in November.
Alert: HALISTER1- “Extreme volatility in starts, particularly in the multifamily sector, has lately made it difficult to assess the segment’s progress”: Bloomberg Intelligence
- Initial jobless claims seen at 252k in week ended Jan. 14 vs 247k prior week (forecast range 225k to 300k); counts number of people making first-time claims for unemployment benefits
- Also today, Philadelphia Fed Business Outlook seen at 15.3 in January vs revised 19.7 in December (forecast range 10 to 23); gauge of manufacturing sentiment in Eastern Pennsylvania, Southern New Jersey, Delaware
Source: BFW (Bloomberg First Word)
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UUID: 7947283