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Housing Starts

   Also found in: Wikipedia 0.03 sec.
Housing Starts
The number of residential building construction projects that have begun during any particular month.

Notes:
This is considered to be a crucial indicator of economic strength. If the economy is strong, people are more likely to buy new homes.


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In recent months, virgin resin markets began to slacken in tandem with slower housing starts and automobile sales.
Overall housing starts last month, as measured by the number of building permits issued, fell 43 percent from June.
Following the warmest January on record that helped spur a 16% jump in new-home construction, the housing market showed signs of cooling in February, with total housing starts down 7.
 
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