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
December housing starts were about as weak as expected (a 24k "beat" but taking into account the -26k revision to Nov), and building permits failed to rebound in Dec as anticipated (came in at 1.33mln ann., vs 1.365mln expected and 1.342mln prior).
- These are very volatile series month to month, but a few longer-term takeaways suggesting weakness in the housing sector continues.
- Starts were boosted by the biggest M/M jump in single family starts since Nov 2021, reaching a 4-month high of 909k. But multi-unit starts fell to the lowest since Sept 2021 (465k).
- And overall starts (1.382mln) were the 2nd lowest since Aug 2020 (Jul-22 printed 1.377mln).
Source: Census Bureau, MNI
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