What are Housing Starts?
In a certain month, the number of new residential construction projects started is referred to as housing starts. It is a vital indicator of the health of an economy. The US Commerce Department is responsible for releasing the housing starts figure. The report consists of data on building permits, housing completions and housing starts. Homebuilders across the nation are surveyed.
Why You Care
Traders are looking to see how the housing starts value changes from month to month as it reflects how the economy is doing. The housing sector impacts the economy from mortgage to construction and everything in between. In a period of economic strength, there will tend to be more housing starts.