Housing Starts: Beyond Discouragement

Posted May 17, 2011 by Editor

[private][private]US_11-0517_E2April housing starts unexpectedly fall 10.6% (Consensus +3.5%; Decision Economics: +2.9%), though from a prior-month level revised up by 6.6%. Single-family starts fell 5.1%, from a prior-month level revised down by 1.7%, while multi-family starts dropped 24.1%, but from a prior-month level revised up by an incredible 33.9% (much of it in the southern region).
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