Housing Starts in 2015
Housing Starts opened 2015 at 1,085 and closed at 1,146, a +5.62% move for the year. The high of 1,224 was reached on September 1, and the low of 886 on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1,085 | 1,085 | 1,085 | 1,085 | +0.00% |
| Feb | 886 | 886 | 886 | 886 | +0.00% |
| Mar | 960 | 960 | 960 | 960 | +0.00% |
| Apr | 1,190 | 1,190 | 1,190 | 1,190 | +0.00% |
| May | 1,079 | 1,079 | 1,079 | 1,079 | +0.00% |
| Jun | 1,205 | 1,205 | 1,205 | 1,205 | +0.00% |
| Jul | 1,146 | 1,146 | 1,146 | 1,146 | +0.00% |
| Aug | 1,130 | 1,130 | 1,130 | 1,130 | +0.00% |
| Sep | 1,224 | 1,224 | 1,224 | 1,224 | +0.00% |
| Oct | 1,058 | 1,058 | 1,058 | 1,058 | +0.00% |
| Nov | 1,172 | 1,172 | 1,172 | 1,172 | +0.00% |
| Dec | 1,146 | 1,146 | 1,146 | 1,146 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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