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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Release for:   September 2018
Source: U.S. Commerce Department
Seasonally adjusted moving average, thousands of units
Calculations by MNI
                      Sep-18  Aug-18  Jul-18  Jun-18  May-18  Apr-18
Housing starts - 3 month
Total                   1218    1210    1230    1261    1311    1298
  Single-family          870     864     883     896     906     893
  Total multi-family     347     346     347     365     405     404
  Northeast              105     100     104     102     107      61
  Midwest                175     176     194     188     194     118
  South                  616     615     613     628     650     477
  West                   322     319     319     343     359     237
Housing starts - 4 month
Total                   1208    1240    1242    1277    1306    1307
  Single-family          866     882     887     892     905     892
  Total multi-family     342     357     355     385     401     415
  Northeast              105     102     102     107     114      61
  Midwest                172     192     185     186     184     119
  South                  603     624     627     629     642     477
  West                   328     322     327     356     367     235
Housing starts - 6 month
Total                   1239    1260    1264    1289    1294    1290
  Single-family          883     885     888     893     892     894
  Total multi-family     356     375     376     396     403     397
  Northeast              104     104     110     112     110      59
  Midwest                181     185     180     174     175     123
  South                  622     633     626     636     641     477
  West                   332     339     349     367     369     234
Building permits - 3 month
Total                   1264    1281    1299    1319    1347    1355
  Single-family          850     851     856     853     852     867
  Total multi-family     414     430     442     466     495     488
  Northeast              106     115     126     116     121     125
  Midwest                175     181     188     192     202     197
  South                  656     662     653     674     668     665
  West                   327     323     332     337     356     368
Completions - 6 month
Total                   1216    1227    1240    1243    1240    1222
  Single-family          856     859     852     857     852     836
  Total multi-family     360     368     388     386     388     386
  Northeast              103     110     118     119     125     134
  Midwest                184     179     172     170     171     172
  South                  614     621     623     624     624     612
  West                   314     317     327     331     320     305
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDT$,MAUH4$]