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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 were far stronger than expected in November (1560k vs 1360k) but the gloss was taken off by a small miss for building permits (1460k vs 1465k), with the latter typically far less volatile.
- With October starts actually revised down, it left starts surging 14.8% M/M in Nov and surprisingly driven by a 18% jump in single family vs 7% for multi-units.
- There were some particularly volatile readings by region: northeast starts surged 100% (single unit 43%) whilst Midwest starts increased just 1% but with single unit starts jumping 50%.
- Building permits meanwhile fell -2.5% after +1.8 M/M, comprised of single family +0.7% M/M vs multi-unit -8.5% M/M.
- The permits details continue to grow a growing divide between single and multi-unit permissions, although that’s only been a correction back closer towards historically relative shares.
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.
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