US housing starts fall in March
The data from US Census Bureau and the Department of Housing and Urban Development reveals that privately owned housing starts stood at 1,215,000 in March with a decrease of 6.8% month-on-month from a revised 1,303,000 registered in February. Market expectations were calling for housing starts to stand at 1,262,000 in March, down by 2% from the previous month.
However, housing starts were up by 9.2% in March year-on-year
Meanwhile, building permits in March was up by 3.6% month-on-month to reach 1,260,000 and stood above the expectations of an increase of 3.1%, the data showed. Building permits also increased by 17% year-on-year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East