Update Economic USA Housing

Housing starts declined for the month by 2.6% to a 1.172 million units annual rate. While permits also slowed by 2.5% to 1.299 million unit annual rate. This may initially look to be a troubling market, but when examined on a longer term basis we see a different picture. On an annual basis starts are up 0.7% while permits are up 5.7%.

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Posted by Steven Albrecht