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

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

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Housing Starts 1174k; range 1075k to 1225k (72 estimates)
  • Starts 1.6% m/m; range -6.9% to 6.1% (72 estimates)
  • Build Permits 1220k; range 1120k to 1280k (47 estimates)
  • Permits -0.8% m/m; range -8.9% to 4.1% (47 estimates)
    • “Housing starts likely rebounded in August, given the scale of the previous month’s decline. Hurricane Harvey, which disrupted construction activity in Texas, will at least partially impair the strength of the expected rebound”: Bloomberg Intelligence
    • In July, starts dropped 4.8 percent to 1.155 million at an annual rate
  • Current Acct. $-116b; range $-122.7b to $-108.4b (27 estimates)
  • Import prices 0.4% m/m; range 0% to 1% (37 estimates)
  • Import prices ex petro 0.2% m/m; range 0% to 0.2% (6 estimates)
  • Import Prices 2.2% y/y; range 1.5% to 2.5% (10 estimates)
  • Export Prices 0.2% m/m; range -0.1% to 0.5% (11 estimates)
    • “Oil prices were only up marginally (less than 3.0% from July), so energy should be only a marginal factor. Nonfuel import inflation has been quiescent recently, advancing only 0.9% over the last 12 months”: Bloomberg Intelligence
    • In July, import prices rose 0.1 percent, the first increase in three months
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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Source: BFW (Bloomberg First Word)

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