Housing Starts: Single-Family in 2012
Housing Starts: Single-Family opened 2012 at 518 and closed at 615, a +18.73% move for the year. The high of 615 was reached on December 1, and the low of 466 on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 518 | 518 | 518 | 518 | +0.00% |
| Feb | 466 | 466 | 466 | 466 | +0.00% |
| Mar | 472 | 472 | 472 | 472 | +0.00% |
| Apr | 504 | 504 | 504 | 504 | +0.00% |
| May | 518 | 518 | 518 | 518 | +0.00% |
| Jun | 524 | 524 | 524 | 524 | +0.00% |
| Jul | 517 | 517 | 517 | 517 | +0.00% |
| Aug | 536 | 536 | 536 | 536 | +0.00% |
| Sep | 594 | 594 | 594 | 594 | +0.00% |
| Oct | 611 | 611 | 611 | 611 | +0.00% |
| Nov | 569 | 569 | 569 | 569 | +0.00% |
| Dec | 615 | 615 | 615 | 615 | +0.00% |
Events During 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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