FYI: Now that was a bad Housing Starts report! Just like the recent delayed report on Retail Sales, it may have been better if the finally released report on Housing Starts for the month of December was just swept under the rug. While economists were expecting the headline print to come in at a SAAR level of 1.256 million, the actual reported number came in at 1.078 million, missing expectations by 178K. Using our Economic Indicator Database, we found that there have only been five other monthly Housing Starts reports that missed expectations by a wider amount than the December print with the most recent occurring 12 years ago in 2007!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/weakest-housing-starts-relative-to-expectations-in-12-years/
