Housing Starts

Much like the name, housing “starts” are the number of residential properties that have began breaking ground [excavation of a foundation].  In theory starting construction usually means that builders are confident they will be selling the home once construction is complete.  This should generate everyone associated with building homes, selling homes, and selling the products that fill the home more revenue.  The Housing Starts are reported near the 16th of the month and have a MODEST impact on the mortgage market.