Construction of single-family homes fell by 5.5 percent to an annual rate of 829, 000 units, the lowest level since April 1991, while multifamily construction was up 4.4 percent to an annual rate of 332, 000 units.
Some 180 new factories, each producing 300, 000 vehicles, are set to double global annual production, to 110m units a year.
According to ABI Research's Douglas McEuen, the emerging consumer sector could help spark 40% compounded annual growth for MEMS accelerometer units from 2007 to 2012, paced by 20% growth in sales.
Last week we learned that National Association of Home Builders Housing Market Index fell two points to 42 in April despite a rise in housing starts in March that exceeded an annual rate of one million units.
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The Commerce Department said new-home sales fell 7.3% month-on-month to a seasonally-adjusted annual rate of 369, 000 units.
Separately, the U.S. Department of Commerce said U.S. housing starts dropped by 3.3%, to an annual pace of 975, 000 units in May--the lowest since 1991.
Building permit applications fell 3.1%, to an annual rate of 969, 000, which was roughly in-line with economists' expectations for an annual rate of 960, 000 units.
And September housing starts were up 15 percent from August, exceeding expectations and climbing to a seasonally adjusted annual rate of 872, 000 units, Shafer points out.
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In notable economic news this week, the Commerce Department announced that housing starts increased by 0.8 percent last month to a an annual rate of 917, 000 units.
The data, which measures the construction of new homes and apartments, is a slightly lower drop than the annual rate of 985, 000 units that economists polled by Thomson Financial had expected.
In notable economic news this week, the Commerce Department announced on Tuesday that housing starts increasedy by 3.6 percent to a seaonally adjusted annual rate of 894, 000 units, the highest level since July of 2008.
Even if annual unit sales stay around 16 million units, foreign manufacturers are adding too much capacity in spanking-new non-union plants.
The National Association of Realtors also reported that existing-home sales in December rose 6.9% to a seasonally adjusted annual rate of 6.47 million units.
On the economic front, Existing home sales rose by a less than expected 2.3 percent in July, to an annual rate of 4.47 million units.
Meanwhile, the National Association of Realtors is reporting a 1.5 percent drop in existing home sales in May, to an annual rate of 4.55 million units.
The Commerce Department reported that construction of new homes and apartments dropped by 3.7 percent last month to a seasonally adjusted annual rate of 1.187 million units.
The National Association of Realtors is reporting a 3.4 percent increase in existing home sales in April to an annual rate of 4.62 million units, which is better than economists expected.
The National Association of Realtors said existing home sales plunged 27.2% to a seasonally adjusted annual rate of 3.8 million units in July from a downwardly revised 5.3 million in June.
The National Association of Realtors is reporting a better-than-expected home sales report, with a 7.8 increase in sales in August to a annual rate of 4.82 million units, marking the highest level since May 2010.
In economic news, the National Association of Realtors is reporting a 4.3 percent increase in existing home sales in January, to an annual rate of 4.57 million units, and that is a one and a half year high.
As a result of U.S. housing starts declining from a seasonally adjusted annual rate of 1.1 million units in February 2008 to just 505, 000 units in March 2009, as well as the large decline in remodeling activity over the same period, MLWF industry prices, shipments, revenues, and profits declined substantially, as did imports from China and other countries.
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Full-year handset shipments reached 1.6 billion units globally in 2011, with annual growth of 14 percent.
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He thinks those carriers together could boost annual iPhone sales by 7-8 million units.
Vehicle sales are expected at an annual rate of about 12.4 million units in January.
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IDC, a market research firm, estimates that annual tablet shipments will rise to around 46 million units by 2014.
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During Q4, 2012 Gartner increased its annual forecast for media tablets by 149.5M units due to the success of the Apple iPad Mini and Google Nexus 7.
The seasonally adjusted annual rate of sales in November was 13.6 million units, up from 12.28 million in November 2010, according to Autodata.
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Nokia shipments to the region fell at an annual rate of 10.3% to 12.6 million units, making it the second player behind Samsung in handset sales, with 27.9% market share.
Citi said the performance share units (PSUs) will now account for a portion of annual incentive compensation, in an effort to strengthen the existing links between pay and performance.
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