US housing starts ‘at 17 year low’


US housing starts, so important to the chemical industry, are now firmly anchored in recession territory. The chart above, from the ACC’s weekly report, shows they are at levels last seen in 1990-1. And with the current disruption in financial markets, it is hard to imagine that a recovery will start in the near future. In fact, the ACC notes that ‘a bottom to the housing crisis remains elusive’ and fears that ‘starts could fall further’.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.


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