What is it?
The number of new houses (in thousands) begun for construction in a month. The number is seasonally adjusted and organized into regions of the U.S.
Who is interested?
Analysts, High level executives, owner operators
What does it tell me?
Housing starts are considered a key indicator of the economy as it has ties to manufacturing, banking, construction, raw materials, and obviously real estate. In a good economy people are more likely to purchase a new home. Conversely in a weak economy they are less likely to purchase a new home. The numbers are smoothed for seasonality as weather has a significant impact on construction.
Example: A user wants to see total housing starts in the south for the most recent month. The user would type HOUS.RST.