Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Housing starts increased by less than expected in September to 1358k (cons 1383k) after a downward revised 1269k. That translates to a 7.0% bounce after a heavy -12.5% slide.
- From a surprise perspective it was offset by a smaller than expected decline in the less noisy building permits, to 1473k (cons 1453k) after a marginally downward revised 1541k. That marks a -4.4% drop after a 6.8% increase.
- Focusing on permits for a better sense of trend, they remain above the level seen ahead of the pandemic, in line with the recovery in new home sales over the past year and in contrast to existing home sales which have continued to slide along with mortgage applications.
- The noisy multi-unit segment continues to swing (-14.3% M/M after +15.6%) whilst the single-family segment continues to grow at a robust pace (1.8% M/M after +1.9%), extending unusual divergence between the two.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok