US housing starts for February 2018

  • Prior was 1326K (revised to 1329K)
  • Starts down 7.0% m/m vs -2.7% expected
  • Building permits 1298K vs 1320K expected
  • Prior permits 1396K (revised to 1377K)
  • Permits -5.7% vs -4.1% exp

That's not a great signal on housing but there is a strong, steady trend in housing for years so I don't think this is going to rattle anything.