Big number in Housing Starts. Best numbers since March. However, there is a kind of disparity between Mortgage Applications and Housing Starts. But no doubt that a better, healthier housing supply, and the turnover of that housing supply, would be good for the economy.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
MBA Mortgage Applications | Dec 13 | -- | -5.5% | 1.0% | -- |
Housing Starts | Nov | 955K | 1091K | -- | 889K |
Housing Starts MoM | Nov | -- | 22.7% | -- | 1.8% |
Building Permits | Nov | 990K | 1007K | 1034K | 1039K |
Building Permits MoM | Nov | -4.7% | -3.1% | 6.2% | 6.7% |
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“I have not failed. I've just found 10,000 ways that won't work.” ~ Thomas Alva Edison
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
225-342-0013
jbroussard@treasury.state.la.us
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