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Good Morning. 830am data has been released. Housing Starts were much worse than expected as were Building Permits.... 08:30 16Jun10 RTRS -US MAY HOUSING STARTS -10.0 PCT VS APRIL +3.9 PCT (PREV +5.8 PCT) 08:30 16Jun10 RTRS -US MAY HOUSING STARTS 593,000 UNIT RATE (CONSENSUS 650,000) VS APRIL 659,000...
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The Census Bureau and the U.S. Department of Housing and Urban Development have released October figures on building permits and housing starts and the news is not good. Housing permits were issued at an annual rate of 1,535,000 in October which is 6.3 percent behind the pace in September and down 28...