Halister News

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:

• Initial Claims 245k; range 225k to 255k (39 estimates)
• Cont. Claims 2050k; range 2050k to 2065k (7 estimates)
• • Jobless claims have been below 300,000 for 101 consecutive weeks of claims, the longest since 1970
• Housing Starts 1226k; range 1168k to 1320k (77 estimates)
• Starts 0% m/m; range -4.7% to 7.7% (77 estimates)
• • For all of last year, housing starts registered the strongest annual performance since 2007
  • "The multi-family sector, the driver of growth since the housing bust, has leveled off after rising above its pre-recessionary norm. As momentum fades in the rental sector, traditional single-family housing ownership could be the next area of strength. Single-family starts remain deeply below the historical average": Bloomberg Intelligence
• Build Permits 1230k; range 1190k to 1300k (50 estimates)
• Permits 0.2% m/m; range -3.1% to 5.9% (50 estimates)
• Philly Fed 18; range 10 to 25.5 (50 estimates)
• • Prior month’s reading of 23.6 was strongest since November 2014