Free Trial

Downdraft Dents Outlook


Second Half Option Roundup


Bearish Focus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US DATA: May housing starts +5.0% to 1.350m SAAR, above the 1.320m 
rate expected. The April pace was rev only slightly downward to 1.286m 
from the originally reported 1.287m pace, while March was rev down to 
1.327m from the previous 1.336m. 
- Starts were up 62.2% to a 13-year high in the Midwest region, 
accounting for the entire headline gain. Providing some offset were 
declines in the Northeast, South, and West. 1-family starts +3.9% and 
multi-family starts +7.5%. 
- Building permits -4.6% to 1.301m SAAR, with 1-family permits -2.2% and 
multi-family -8.8%. Homes permitted but not started -1.2%, suggesting 
starts could slip back next month.
- Through the first two months, 2Q starts are virtually unchanged 
from their 1Q average and permits were down slightly, suggesting 
residential building will be a modest factor for 2Q GDP.
- Homes under construction +0.2%, while completions +1.9%, a positive 
for new home supply.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.