housing starts
  • Prior was 1.499m
  • Starts % vs +15.8% prior
  • Building permits m vs 1.46m expected
  • Permits % vs -0.7% prior

Toll Brothers reported earnings late yesterday and had this to say:

"While demand was solid in our first quarter, we have seen mixed results so far this spring selling season," said CEO Douglas Yearley. "Although demand has remained healthy in many of our markets and particularly at the higher end, affordability constraints and growing inventories in certain markets are pressuring sales - especially at the lower end."

Source: Forex Live