Date
GMT+00:00
Event Previous Forecast Actual
Feb, 25 13:30
★★
Housing Starts
Housing Starts
Country:
Date: Feb, 25 13:30
Importance: Medium
Previous: 1256K; 3.2%
Forecast: 1253K; -0.2%
Actual: -
Period: Dec

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.

1256K; 3.2% 1253K; -0.2% -
Feb, 25 13:30
★★
Building Permits
Building Permits
Country:
Date: Feb, 25 13:30
Importance: Medium
Previous: 1328K; 5.0%
Forecast: 1290K; -2.9%
Actual: -
Period: Dec

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.

1328K; 5.0% 1290K; -2.9% -
Feb, 25 23:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Feb, 25 23:50
Importance: Low
Previous: 1.1%
Forecast: -
Actual: -
Period: Jan

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

1.1% - -
Feb, 26 05:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: Feb, 26 05:00
Importance: Low
Previous: 0.4%
Forecast: -
Actual: -
Period: Jan
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
0.4% - -
Feb, 26 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: Feb, 26 09:00
Importance: Low
Previous: 3.3%
Forecast: -
Actual: -
Period: Jan

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

3.3% - -