Loading page content
Loading page content
Canada Housing Starts YoY held to 174.9K in May 2013. The reading matched the 175K consensus.
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Housing Starts YoY (Canada) was reported at 175 thousand in May 2013. This missed the market consensus of 175 thousand by 0 thousand. This is classified as a medium-impact indicator released on a monthly basis.
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
Housing Starts YoY is a key financial indicator that measures the annual change in the number of new residential construction projects started in a given period. This indicator provides valuable insights into the health of the housing market and the overall economy, as it reflects the level of demand for new homes and the confidence of builders in the market. A positive YoY growth in housing starts indicates a strong and growing housing market, while a negative growth may signal a slowdown or contraction. Investors and policymakers closely monitor this indicator to make informed decisions about the housing sector and its impact on the broader economy.
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
Latest reading (May 2013): actual 174.9 K, consensus 175 K.
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Monday, May 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | Wholesale Sales MoM | 1.9 | 0.8 | 0.35 | Low | ||
| Tuesday, May 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Manufacturing Sales MoM | 3 | 1.4 | -0.45 | Low | ||
| Wednesday, May 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Wholesale Sales MoM | 1.9 | 0.8 | 0.35 | Low | ||
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Average Weekly Earnings | 3.4 | 2.1 | 2.10 | Low | ||
| 12:30 | Current Account | -0.7 | -3.4 | -3.40 | Medium | ||