Housing Starts: 5+ Units in 2015
Housing Starts: 5+ Units opened 2015 at 376 and closed at 364, a -3.19% move for the year. The high of 491 was reached on June 1, and the low of 294 on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 376 | 376 | 376 | 376 | +0.00% |
| Feb | 294 | 294 | 294 | 294 | +0.00% |
| Mar | 313 | 313 | 313 | 313 | +0.00% |
| Apr | 429 | 429 | 429 | 429 | +0.00% |
| May | 362 | 362 | 362 | 362 | +0.00% |
| Jun | 491 | 491 | 491 | 491 | +0.00% |
| Jul | 376 | 376 | 376 | 376 | +0.00% |
| Aug | 390 | 390 | 390 | 390 | +0.00% |
| Sep | 467 | 467 | 467 | 467 | +0.00% |
| Oct | 341 | 341 | 341 | 341 | +0.00% |
| Nov | 392 | 392 | 392 | 392 | +0.00% |
| Dec | 364 | 364 | 364 | 364 | +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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