Housing Starts

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april, 2019

08apr1:15 pm1:15 pmHousing StartsTRADERS CAN HOLD ALL POSITIONS THROUGH THIS RELEASE1:15 pm - 1:15 pm UTC Event Type :Low Impact Time has ran out! Better luck next time!

Event Details

What is this event?

It’s a leading indicator of economic health because building construction produces a wide-reaching ripple effect. For example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder.

Measures

Annualized number of new residential buildings that began construction during the previous month.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, about 9 days after the month ends.

Source of Data

CMHC (latest release)

Time

(Monday) 1:15 pm - 1:15 pm

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