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Housing Starts and Building Permits Thaw

TedTed
in The OT Bullpen
FYI:

This morning’s reports for April Housing Starts and Building Permits both came in significantly stronger than expected indicating that at least the residential construction sector is seeing a bounce back from the winter freeze. In the case of Housing Starts, April’s reading came in at a seasonally adjusted annualized rate (SAAR) of 1.135 million, which was the highest monthly reading since November 2007. In the case of Building Permits, April came in at a level of 1.143 million (highest since June 2008) compared to expectations of 1.064 million.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/housing-starts-and-building-permits-thaw/
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