Steel Markets
March 17, 2015
Housing Starts, Permits and Builder Confidence through February 2015
Written by Peter Wright
Housing starts in February declined by 184,000 annualized to 897,000 from 1,081,000 in January. This data is seasonally adjusted by the Census department.
The three month moving average, (3MMA) fared much better declining to 1,020,000 from 1,059,000 which was a blip in a steadily improving trajectory, (Figure 1). This was the sixth consecutive month that the 3MMA of monthly starts, (annualized) exceeded a million units.
