HALISTER1: U.S. ECO PREVIEW: Housing Starts Due in 5 Minutes

U.S. ECO PREVIEW: Housing Starts Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Housing Starts 1160k; range 1075k to 1256k (69 estimates)
  • Starts 6.2% m/m; range -1.6% to 15% (69 estimates)
  • Build Permits 1201k; range 1150k to 1250k (47 estimates)
  • Permits 2.8% m/m; range -1.5% to 7% (47 estimates)
    • In May, total starts fell 5.5 percent, the third consecutive drop, amid declines in single-family and multi-family projects
    • "With growth in multifamily construction slowing amid falling demand and record supply, home construction will increasingly have to rely on single-family units, permits for which are key to watch in the June report": Bloomberg Intelligence
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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