Economic EventHousing Starts
UnitsThousands of Starts
Current PeriodOct 2010
Release DateNov. 17. 10
Reported519
Consensus for Current Period599
Number of Forecasts46
Economic Surprise-80 ( -13.36 % )
Prior PeriodSep 2010
Reported Value for Prior Period588
Revised From610
Next Release DateDec. 16. 10
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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