Date
GMT+01:00
Event Previous Forecast Actual
Oct, 17 13:30
★★
Building Permits
Building Permits
Country:
Date: Oct, 17 13:30
Importance: Medium
Previous: 1419K; 7.7%
Forecast: 1355K; -4.9%
Actual: -
Period: Sep

The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.

The headline is the seasonally adjusted percentage change in Building Permits from the previous month.

1419K; 7.7% 1355K; -4.9% -
Oct, 17 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Oct, 17 13:30
Importance: Medium
Previous: 1364K; 12.3%
Forecast: 1320K; -3.2%
Actual: -
Period: Sep

Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.

Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.

Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units.

1364K; 12.3% 1320K; -3.2% -
Oct, 17 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Oct, 17 13:30
Importance: Medium
Previous: 210K
Forecast: 212K
Actual: -
Period: Oct

The indicator shows the number of unemployed people in the USA.

210K 212K -
Oct, 17 13:30
Continuing Claims
Continuing Claims
Country:
Date: Oct, 17 13:30
Importance: Low
Previous: 1684K
Forecast: 1670K
Actual: -
Period: Oct

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1684K 1670K -
Oct, 17 14:15
★★
Capacity Utilization
Capacity Utilization
Country:
Date: Oct, 17 14:15
Importance: Medium
Previous: 77.9%
Forecast: 77.7%
Actual: -
Period: Sep

Capacity Utilization measures the extent to which US manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

77.9% 77.7% -