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Jan New Home Starts Above Exp At 1.567m Up..>

US DATA
US DATA: Jan New Home Starts Above Exp At 1.567m SAAR; Permits Up
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- Jan new home starts -3.6% to 1.567m SAAR vs expected 1.420m BBG
- Jan building permits +9.2% to 1.551m; highest est since March 2007
- Dec starts rev up to 1.626m SAAR from 1.608m 
- Jan starts breakdown: NE +31.9%, MW -25.9%, South -5.4%, West +1.2%
- West total starts (0.431m) highest estimate since Dec 2006 
- Jan 1-family permits +6.4%, starts -5.9%
- Jan 5+ unit starts +3.0% to 0.547m; highest estimate since 1986
- Jan yr/yr starts up +21.4%
- Jan housing units under construction +1.3%, completions -3.3%

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