Economic EventHousing Starts
UnitsThousands of Starts
Current PeriodAug 2009
Release DateSep. 17. 09
Reported598
Consensus for Current Period598
Number of Forecasts42
Economic Surprise0 ( 0.00 % )
Prior PeriodJul 2009
Reported Value for Prior Period589
Revised From581
Next Release DateOct. 20. 09
Next Release Time8:30 AM Eastern Time
Source http://www.census.gov/const/newresconst.pdf
Note 
DescriptionHousing Starts represent the beginning of a construction of a house or apartment building. Since housing activity usually leads the business cycle this economic release can be useful in spotting cyclical turning points. Empirical work has shown that significant surprises in Housing Starts are correlated with stock price movements.
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