Economic EventHousing Starts
UnitsThousands of Starts
Current PeriodDec 2010
Release DateJan. 19. 11
Reported529
Consensus for Current Period552
Number of Forecasts60
Economic Surprise-23 ( -4.17 % )
Prior PeriodNov 2010
Reported Value for Prior Period553
Revised From555
Next Release DateFeb. 16. 11
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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