Building Permits: Single-Family in 2015
Building Permits: Single-Family opened 2015 at 662 and closed at 719, a +8.61% move for the year. The high of 730 was reached on November 1, and the low of 628 on February 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 662 | 662 | 662 | 662 | +0.00% |
| Feb | 628 | 628 | 628 | 628 | +0.00% |
| Mar | 658 | 658 | 658 | 658 | +0.00% |
| Apr | 679 | 679 | 679 | 679 | +0.00% |
| May | 701 | 701 | 701 | 701 | +0.00% |
| Jun | 706 | 706 | 706 | 706 | +0.00% |
| Jul | 700 | 700 | 700 | 700 | +0.00% |
| Aug | 718 | 718 | 718 | 718 | +0.00% |
| Sep | 711 | 711 | 711 | 711 | +0.00% |
| Oct | 721 | 721 | 721 | 721 | +0.00% |
| Nov | 730 | 730 | 730 | 730 | +0.00% |
| Dec | 719 | 719 | 719 | 719 | +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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