Halister News

(Bloomberg) -- Housing starts seen rising 10.4% in Oct. to 1.156m annual rate (forecast range 953k to 1.262m); tracks number of new units started during reference period.

• Weakness in Sept. multi-family starts seen reversing; long- term prospects for residential construction remain positive: Bloomberg Intelligence
• Consumer price index seen rising 0.4% m/m in Oct. after increasing 0.3% in Sept. (forecast range -0.1% to +0.5%); index tracks prices in “market basket” of goods, services
• Initial jobless claims seen at 257k in week ended Nov. 12 vs 254k prior wk (forecast range 245k to 275k); represents inflow of workers receiving unemployment benefits
• Philadelphia Fed Business Outlook seen at 7.8 in Nov. vs 9.7 in Oct. (forecast range 2 to 13); gauge of sentiment in Philadelphia Fed district (Eastern Pennsylvania, Southern New Jersey, Delaware)